JPMorgan Lowers XPO Logistics Price Target Sharply

  • JPMorgan analyst Brian Ossenbeck lowered XPO Logistics Inc XPO price target to $113 from $171 and maintained an Overweight rating on the shares following the spinoff of GXO Logistics Inc GXO
  • Ossenbeck sees potential upside if XPO management "continues right-sizing corporate overhead."
  • Related ContentGXO Logistics, A Spinoff Of XPO Logistics, Begins Trading
  • Meanwhile, Ossenbeck initiated coverage of GXO Logistics with an Overweight rating and a price target of $107.
  • Price Action: XPO shares are trading higher by 0.98% at $84.23 on the last check Thursday.
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