Wolfe Research Sees Sharp Upside In This Logistics Company


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  • Wolfe Research analyst Scott Group initiated XPO Logistics Inc (NYSE:XPO) with an Outperform rating and $101 (an upside of 28.5%) year-end 2022 price target.
  • The analyst says the stock has materially underperformed since the spin of its Logistics segment and following disappointing Q3 results, but "past periods of underperformance have historically led to good buying opportunities."
  • Price Action: XPO shares are trading higher by 4% at $78.50 during the premarket session on Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorNewsPrice TargetInitiationAnalyst RatingsBriefs