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J.P. Morgan Reaffirms Their Buy Rating on XPO (XPO)

Tipranks - Tipranks - Wed Mar 11, 7:46AM CDT

In a report released today, Brian Ossenbeck from J.P. Morgan maintained a Buy rating on XPO, with a price target of $201.00.

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According to TipRanks, Ossenbeck is a 4-star analyst with an average return of 8.2% and a 53.33% success rate. Ossenbeck covers the Industrials sector, focusing on stocks such as FedEx, Old Dominion Freight, and Union Pacific.

In addition to J.P. Morgan, XPO also received a Buy from Bank of America Securities’s Ken Hoexter in a report issued on March 4. However, on March 3, Evercore ISI maintained a Hold rating on XPO (NYSE: XPO).

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Based on XPO’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.01 billion and a net profit of $59 million. In comparison, last year the company earned a revenue of $1.92 billion and had a net profit of $75 million

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