XPO Logistics (XPO) Tops Q1 EPS by 9c
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XPO Logistics (XPO) PT Lifted to $60 at FBR Capital Following Q1 Results and Deals
May 5, 2015 6:47 AM EDTFBR Capital reiterated a Buy rating on XPO Logistics, Inc. ( NASDAQ: XPO) and raised it target price to $60 (from $56) after XPO's announced acquisition of Norbert Dentressangle. XPO also had a very solid 1Q15 despite headwinds from the West Coast Ports. XPO also announced its planned acquisition of Bridge Terminal Transport (BTT) for $100M.
FBR analyst John Mims comments, "XPO announced very solid 1Q15 results, reporting adjusted EBITDA of $29.2M versus our... More
