XPO Logistics (XPO) Cash Flow Indicates Growth Despite Skeptical Competitive Report - Barclays

Barclays analyst, Brandon Oglenski, reiterated his Overweight rating on shares of XPO Logistics (NYSE: XPO) and cut his price target to $100 from $130 after the company suffered a 21% stock price haircut last week on weaker than expected guidance and some "questionable" market research. After doing a deep dive however, the analyst thinks that Cash Flow is in line with reported earnings decreasing the risk to shareholders.

The analyst stated "Cash flow generally matches reported earnings and growth is clearly evident in recent results. While we would welcome slightly more transparent reporting by the company, we find XPO's sharees to offer significant long-term upside from current levels".

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 $51.45 yesterday.

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