UPDATE: Stifel Nicolaus Raises PT to $21 on XPO Logistics on Execution

Stifel Nicolaus reiterated its Buy rating on XPO Logistics XPO and increased its price target from $19 to $21. Stifel Nicolaus noted, "As originally advertised a little over a year ago, the company continues to aggressively build its business, so far proving its many naysayers wrong. Many said it was not possible to roll up the asset-light transportation and logistics space while maintaining a prayer of integrating the various pieces into a homogenized entity. Instead the company is well on its way towards achieving its 2016/2017 objectives of generating $4 to $6 billion in annual gross revenue while generating more than $300 million in annualized EBITDA." XPO Logistics closed at $15.71 on Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetIntraday UpdateAnalyst RatingsStifel Nicolaus
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!