- The shares of XPO Logistics, Inc. (NYSE: XPO) have received a $98 price target from Citi. These are the details.
The shares of XPO Logistics, Inc. (NYSE: XPO) have received a $98 price target from Citi. And Citi analyst Christian Wetherbee reduced the price target on XPO Logistics from $110 while maintaining a “Buy” rating on the shares.
Wetherbee pointed out that Citi’s latest shipper survey highlights a trucking market running at high levels of rate and capacity utilization. But the most interesting takeaways appear to be a leveling off in demand, rate expectations, and tight capacity with shippers suggesting all three are positioned to ease at least to some extent over the next 3 months.
But Wetherbee is not suggesting a cycle imminently rolling over, but rather a plateauing of fundamentals that could persist for much of the first half of this year.
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