BMO Capital on XPO (XPO): 'Strong Execution Against Strategic Priorities'

BMO Capital analyst Fadi Chamoun reiterated an Outperform rating and $140.00 price target on XPO (NYSE: XPO).

The analyst commented: "Strong Execution Against Strategic Priorities to Continue Driving OR Improvement; We hosted Mario Harik, CEO, for a series of meetings with investors. Despite a more challenging macro, XPO has delivered strong execution against its strategic priorities since the launch of its transformation plan in late 2022. We come out from the discussions with reinforced conviction in our near-term outlook as well as the mediumterm (2028-2029) OR, earnings, and free cash flow trajectory, which we believe supports valuation in the $200 range. We reiterate our Outperform rating and 12-month target price of $140."

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

Shares of XPO closed at $122.24 yesterday.

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