Form 8-K XPO, Inc. For: Apr 17

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Go back to Form 8-K XPO, Inc. For: Apr 17

XPO Logistics' (XPO) new hires has Wall Street cheering and bulls pouncing

April 21, 2023 8:58 AM EDT

XPO Logistics (NYSE: XPO) stock gained 18% on Thursday after naming former Old Dominion executive Dave Bates as its COO. Despite the big jump, several analysts see the stock continuing higher with one analyst commenting today "If You Cant Beat Them, Hire Them."

Analysts at both Citi and JP Morgan upgraded shares to Buy Friday, with others lifting their price targets.

"We are upgrading shares of XPO to Buy from Neutral for a number of reasons catalyzed by the recent addition of... More