Credit Suisse Downgrades XPO to Neutral, Raises Price Target to $78
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Ariel Rosa has downgraded XPO Logistics (NYSE:XPO) from Outperform to Neutral, while raising the price target from $55 to $78.
July 31, 2023 | 10:56 am
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NEUTRAL IMPACT
XPO Logistics has been downgraded to Neutral from Outperform by Credit Suisse, but the price target has been raised to $78.
The downgrade to Neutral suggests that Credit Suisse sees limited upside for XPO in the short term. However, the raised price target indicates an expectation of long-term growth. This could lead to a neutral or slightly negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100