XPO Logistics, Inc Stock (XPO): $102 Price Target From Raymond James

By Amit Chowdhry ● Jan 2, 2022
  • The shares of XPO Logistics, Inc (NYSE: XPO) have received a $102 price target from Raymond James. These are the details.

The shares of XPO Logistics, Inc (NYSE: XPO) have received a $102 price target from Raymond James. And XPO Raymond James analyst Patrick Tyler Brown increased the price target from $100 while maintaining an “Outperform” rating on the company shares.

Brown noted that the truck market remains extremely tight heading into 2022 as supply additions have been hard to come by. And Brown believes that the first half of this year sets up decidedly more favorable as carriers are continuing to benefit from double-digit contractual rate increases, a strong truck spot market, volume tailwinds from inventory replenishment demand, and still replacement-like Class 8 build rates. 

Going forward, Brown continues to favor owning names with the most idiosyncratic growth/margin stories within trucking. But Brown believes that rising production into the second half of 2022 could add to capacity and thus somewhat wane on growth optics.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.