BUZZ-BofA raises XPO's PT, expects profit growth in 2026
Reuters03-03 20:20
BUZZ-BofA raises XPO's PT, expects profit growth in 2026
** BofA Global Research raises price target on logistics firm XPO XPO.N to $223 from $214; reiterates "buy" rating
** New PT represents a 3.6% upside to stock's last close
** BofA expects XPO’s profitability to rise by 100–150 basis points in 2026, backed by sustained demand strength indicated in its Truck Shipper survey demand index
** Brokerage raises 2027 earnings per share forecast to $6 from $5.90
** 20 of 26 brokerages rate the stock "buy" or higher, five "hold" and one "sell", their median PT is $206 - data compiled by LSEG
** As of last close, XPO up 58.3% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
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