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Apex Trader Funding - News

From Downgrade To Buy: XPO Stock Back In Favor As Analyst Recognizes Turnaround Progress

Stifel analyst J. Bruce Chan upgraded XPO, Inc. (NYSE:XPO) from Hold to Buy and increased the price target from $115 to $120. The analyst says that he was too early in downgrading the stock earlier and now sees that the stock has over-corrected, especially led by internal productivity management efforts.  Earlier this month, the company reported strong first-quarter FY24 results, with revenue up 5.8% Y/Y and operating income more than doubled. The analyst says the drivers were solid execution on its LTL 2.0 ...