JP Morgan Raises XPO Price Target to $189, Maintains Overweight Rating

JP Morgan has raised XPO's price target to $189, an 18.12% increase, and maintained an Overweight rating. The analyst update reflects confidence in XPO's future performance. The company's recent spinoffs of its contract logistics and freight brokerage operations have positioned it as a pure-play asset-based less-than-truckload carrier. Analysts forecast an average target price of $169.54, with a high estimate of $215 and a low estimate of $95. The average target implies a 16.73% downside from the current price of $203.61.