Morgan Stanley Maintains Equal-Weight on XPO, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Equal-Weight rating on XPO Logistics (NYSE:XPO) and raised the price target from $68 to $70.
October 31, 2023 | 1:01 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Equal-Weight rating on XPO Logistics and raised the price target from $68 to $70.
The news is directly related to XPO Logistics. The Equal-Weight rating suggests that Morgan Stanley believes XPO's stock performance will be in line with the average return of the analysts' industry coverage universe over the next 12-18 months. The increase in price target from $68 to $70 indicates a positive outlook, but it's not a significant increase, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100