XPO Logistics Inc XPO:NYSE

Last Price$57.14NYSE Closing Price as of 4:10PM ET 8/10/22
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change+2.06(3.74%)
Bid (Size)$56.50 (5)
Ask (Size)$58.38 (1)
Day Low / High$55.74 - 57.99
Volume1.8 M

Credit Suisse Initiates Coverage of 18 North American Transportation, Logistics Companies; Notes Broadly Positive View on Sector

9:48AM ET 6/28/2022 MT Newswires
Credit Suisse initiated coverage of 18 North American transportation and logistics companies across the various sub-segments of transportation, noting that it has a broadly positive view in the sector and that current valuations present many attractive opportunities for investors with a long-term horizon.

In a Tuesday research report, the firm started coverage of 13 companies with outperform ratings. These are Union Pacific (UNP) with a $255 price target, CSX (CSX) with a $35 price target, Norfolk Southern (NSC) with a $267 price target, United Parcel Service (UPS) with a $225 price target, FedEx (FDX) with a $314 price target, Knight-Swift Transportation Holdings (KNX) with a $70 price target, Schneider National (SNDR) with a $32 price target, Werner Enterprises (WERN) with a $51 price target, Saia (SAIA) with a $234 price target, XPO Logistics (XPO) with a $65 price target, TFI International (TFII) with a $103 price target, ArcBest (ARCB) with a $102 price target, and GXO Logistics (GXO) with a $65 price target.

Neutral ratings were assigned on four companies. These are Canadian National Railway (CNI) with a $122 price target, Canadian Pacific Railway (CP) with a $74 price target, JB Hunt Transport Services (JBHT) with a $178 price target, and Old Dominion Freight Line (ODFL) with a $282 price target.

Lastly, the firm started coverage of CH Robinson Worldwide (CHRW) with an underperform rating an $102 price target.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 217.85, Change: +4.00, Percent Change: +1.87