Citigroup Maintains Buy on XPO, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christian Wetherbee has maintained a Buy rating on XPO Logistics (NYSE:XPO) and increased the price target from $88 to $100.
December 12, 2023 | 1:03 pm
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POSITIVE IMPACT
Citigroup has reaffirmed its Buy rating on XPO Logistics and raised the price target to $100, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Christian Wetherbee suggests a strong conviction in the company's future performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100