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SIG Downgrades XPO(XPO.US) to Hold Rating, Cuts Target Price to $155

Futu News ·  Jan 8 16:32  · Ratings

SIG analyst Bascome Majors downgrades $XPO (XPO.US)$ to a hold rating, and adjusts the target price from $160 to $155.

According to TipRanks data, the analyst has a success rate of 61.7% and a total average return of 10.5% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $XPO (XPO.US)$'s main analysts recently are as follows:

  • The firm is adjusting its financial model for XPO, Inc to account for seasonal pressures in its European Transportation business, decreasing its Europe Q4 adjusted EBITDA estimate to $30M from $36M, and modifying the anticipated tax rate to 23.5% from 23.0%. The firm maintains a positive outlook regarding the company's improving margins and cash flow landscape in anticipation of a freight rebound.

  • The expectation is that the market should focus on early cycle opportunities as the quarter four results and projections up to 2025 are released. There are indications that volume may expand to better encompass industrial freight. While near-term projections are being adjusted, the overall direction of the fundamentals remains positive.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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