JP Morgan Maintains Overweight on XPO, Raises Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck maintains an Overweight rating on XPO Logistics (XPO) and raises the price target from $97 to $122.
February 08, 2024 | 9:38 pm
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POSITIVE IMPACT
JP Morgan analyst Brian Ossenbeck maintains an Overweight rating on XPO Logistics and raises the price target from $97 to $122.
The upgrade in the price target by a reputable analyst like Brian Ossenbeck from JP Morgan is a strong positive signal for XPO Logistics. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100