XPO shares are trading higher after JP Morgan maintained an Overweight rating on the stock and raised its price target from $122 to $140. Also, Barclays maintained an Overweight rating on the stock and raised its price target from $125 to $145.
Portfolio Pulse from Benzinga Newsdesk
XPO shares are trading higher following positive analyst ratings and increased price targets from JP Morgan and Barclays. JP Morgan raised its price target from $122 to $140, while Barclays increased theirs from $125 to $145, both maintaining an Overweight rating.
March 11, 2024 | 11:24 am
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POSITIVE IMPACT
XPO's stock price is positively impacted by JP Morgan and Barclays' continued Overweight ratings and raised price targets.
The increase in XPO's stock price is directly tied to the positive analyst ratings and higher price targets set by JP Morgan and Barclays. Such endorsements from reputable financial institutions typically lead to increased investor confidence and demand for the stock, pushing its price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100