JP Morgan Maintains Overweight on XPO, Raises Price Target to $97
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has maintained an Overweight rating on XPO Logistics (NYSE:XPO) and increased the price target from $88 to $97, indicating a positive outlook on the company's stock.
December 21, 2023 | 3:06 pm
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JP Morgan analyst Brian Ossenbeck has reaffirmed an Overweight rating on XPO Logistics and raised the price target to $97, suggesting confidence in the company's stock performance.
The increase in price target by a reputable analyst like Brian Ossenbeck from JP Morgan typically signals a strong conviction in the company's future performance and growth prospects. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
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IMPORTANCE 85
RELEVANCE 100