Deutsche Bank Starts XPO Logistics (XPO) at Buy; Early Innings of the Growth Story

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Deutsche Bank initiates coverage on XPO Logistics (NYSE: XPO) with a Buy. PT $26.00.

Deutsche analyst said, "...we see compelling long-term growth opportunities. XPO should be one of the fastest growing transport companies, driven by management's ambitious plans to take corporate gross revenue to $4-6 billion by 2016 from just $177 million at year-end 2011. This growth should be driven by acquisitions, new offices, and organic growth. We believe the business model is scalable and management is capable of delivering on its vision."

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 $16.80 yesterday, with a 52 week range of $2.05-$18.60.

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