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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100