KeyBanc Believes XPO Logistics (NYSE: XPO) Still Has Room to Grow

By Ryan Adsit

In a report released yesterday, Todd Fowler from KeyBanc reiterated a Buy rating on XPO Logistics (NYSE: XPO), with a price target of $110. The company’s shares closed yesterday at $94.82, close to its 52-week high of $95.07.

According to TipRanks.com, Fowler is a 5-star analyst with an average return of 22.0% and a 79.7% success rate. Fowler covers the Services sector, focusing on stocks such as Schneider National Inc, Knight Transportation, and Old Dominion Freight.

Currently, the analyst consensus on XPO Logistics is Strong Buy and the average price target is $103.08, representing an 8.7% upside.

In a report issued on December 27, Macquarie also maintained a Buy rating on the stock with a $105 price target.

The company has a one-year high of $95.07 and a one-year low of $42.07. Currently, XPO Logistics has an average volume of 1.59M.

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XPO Logistics, Inc. is a transportation and logistics company, which provides comprehensive supply chain solutions to the customers. It operates its business through the Transportation and Logistics segments.