XPO Logistics (XPO) Stock: $88 Price Target And Outperform Rating

By Amit Chowdhry ● May 13, 2022
  • The shares of XPO Logistics (NYSE: XPO) have received an $88 price target from Cowen. These are the details.

The shares of XPO Logistics (NYSE: XPO) have received an $88 price target from Cowen. And Cowen analyst Jason Seidl is maintaining an “Outperform” rating on the shares.

Seidl adjusted the rating following the company’s first-quarter results.

XPO Logistics had reported a Q1 EPS of $1.25, which was $0.32 higher than analyst estimates of $0.93. And the revenue for the quarter was $3.47 billion compared to the consensus estimate of $3.22 billion. In terms of guidance, XPO Logistics expects FY2022 EPS of between $5.20-$5.60, compared to the consensus of $5.19.

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