Morgan Stanley Downgrades XPO to Underweight, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker downgraded XPO Logistics (NYSE:XPO) from Equal-Weight to Underweight but raised the price target from $75 to $80.

February 12, 2024 | 11:02 am
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Morgan Stanley downgraded XPO Logistics to Underweight from Equal-Weight, but increased the price target to $80 from $75.
The downgrade to Underweight suggests a bearish outlook on XPO's stock by Morgan Stanley, indicating a potential decrease in stock price in the short term. However, the increase in the price target to $80 from $75 also suggests that the analyst sees some positive aspects or potential for the company's value to grow. The negative impact of the downgrade is likely to outweigh the positive impact of the price target increase in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100