XPO Logistics (XPO) PT Raised to $169 at Cowen

Cowen analyst Jason Seidl raised the price target on XPO Logistics (NYSE: XPO) to $169.00 (from $157.00) while maintaining an Outperform rating.

The analyst commented, "Large contract wins and a continued lean into technology were the highlights of 1Q. Outlook is robust off a healthy pricing backdrop, continued strength in consumer and industrial trends, and margin expansion from digital initiatives. Outlook may have room for upside if trends continue & further debt reduction is expected. We increase our price target to $169 from $157 and reiterate Outperform."

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