Loop Capital Downgrades XPO to Hold, Raises Price Target to $74
Portfolio Pulse from richadhand@benzinga.com
Loop Capital analyst Jeffrey Kauffman has downgraded XPO Logistics (NYSE:XPO) from Buy to Hold, while raising the price target from $55 to $74.
August 18, 2023 | 10:05 am
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XPO Logistics has been downgraded from Buy to Hold by Loop Capital, but the price target has been raised from $55 to $74.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the short term. However, the raised price target indicates an expectation of long-term growth. This could lead to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100