JP Morgan Maintains Overweight on XPO, Raises Price Target to $140
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 $122 to $140.
March 11, 2024 | 10:45 am
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JP Morgan analyst Brian Ossenbeck has reaffirmed an Overweight rating on XPO Logistics and raised the price target from $122 to $140.
The increase in 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