Jefferies Starts XPO Logistics (XPO) at Buy; "A Potential Four-Bagger"

Jefferies initiates coverage on XPO Logistics (NYSE: XPO) with a Buy. PT $23.00.

The firm comments, "We initiate coverage of XPO, an emerging growth company in logistics, with a Buy. New CEO Brad Jacobs has created billions of dollars of value in multiple industries via an aggressive growth template. Clearly, execution risk is high, but if XPO achieves its full business plan, we think the stock could eventually get to $70 — a four-bagger. Jefferies acted as a joint book-running manager for the March 20, 2012 offering of 9.2mn shares"

For an analyst ratings summary and ratings history on XPO Logistics click here. For more ratings news on XPO Logistics click here.

Shares of XPO Logistics closed at $16.35 yesterday.

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