XPO shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and raised its price target to $79.
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has upgraded XPO Logistics' stock from In-Line to Outperform and raised its price target to $79. This has resulted in XPO shares trading higher.
September 27, 2023 | 3:21 pm
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POSITIVE IMPACT
XPO Logistics' stock has been upgraded by Evercore ISI Group, leading to an increase in its share price.
The upgrade from Evercore ISI Group is a positive signal for XPO Logistics. It indicates that the firm sees potential for the stock's performance, leading to an increase in its share price. The raised price target also suggests that the firm expects the stock to outperform in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100