JP Morgan Maintains Overweight on XPO, Lowers Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck maintains an Overweight rating on XPO Logistics (NYSE:XPO), but lowers the price target from $89 to $88.
October 31, 2023 | 8:41 pm
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NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on XPO Logistics, but lowers the price target from $89 to $88.
The news is directly related to XPO Logistics. While the Overweight rating indicates that JP Morgan expects the stock to outperform, the lowering of the price target might have a slight negative impact as it suggests a lower future valuation. However, the change is minor, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100