Wells Fargo analyst Christian Wetherbee maintains $XPO (XPO.US)$ with a buy rating, and maintains the target price at $170.
According to TipRanks data, the analyst has a success rate of 57.9% and a total average return of 12.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $XPO (XPO.US)$'s main analysts recently are as follows:
The firm is updating its model for XPO, Inc to account for seasonal pressure in its European Transportation sector, adjusting its Europe Q4 adjusted EBITDA forecast to $30M from an earlier $36M and revising its assumed tax rate to 23.5% from 23.0%. The company's prospects are viewed positively, underscored by improving margins and a strengthening cash flow environment, expected to benefit from an impending freight rebound.
Looking ahead to the Q4 results and forecasts for 2025, the continuing recommendation is to embrace early cycle opportunities. It appears that volume may expand to include improved industrial freight. While near-term expectations are being adjusted, the overall direction of fundamentals remains positive.
Note:
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