Xpo Logistics Stock News

A new spinoff plan delighted the market.

Analysts react to XPO Logistics Inc's (NYSE: XPO) plan to create two standalone, publicly traded companies. Cowen analyst Jason Seidl raised XPO Logistics price target to $117 from $115 and main

Analysts react to XPO Logistics Inc''s (NYSE: XPO ) plan to create two standalone, publicly traded companies. Cowen analyst Jason Seidl raised XPO Logistics price target to $117 from $115 and maintained their Outperform rating on the shares. The analyst states that he liked the spin-off announcement. Seidl sees a core LTL-play offering potential multiple expansion while using the asset sale to relieve debt load. Related: XPO Logistics to … Full story available on Benzinga.com

XPO is breaking the company up into different parts….XPO

XPO Logistics Inc (NYSE: XPO) shares are up 15% on Wednesday after the American freight transportation firm revealed plans of listing its high-tech truck brokerage segment as a separate publicly trade

Within the last quarter, XPO Logistics (NYSE:XPO) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 7 0 0 0 Last 30D

Within the last quarter, XPO Logistics (NYSE: XPO ) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 7 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 4 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 1 0 0 0 According to 9 analyst offering 12-month price targets in the last 3 months, XPO Logistics has an average price target of $103.56 with a high of $120.00 and a low of $91.00. Below is a summary of how these 9 analysts rated XPO Logistics over the past … Full story available on Benzinga.com

Markets again tried to bounce back from recent declines.

Futures Surge After 4 Day Rout On Ukraine War Optimism; Cryptos Soar After two days of sheer market insanity, including Monday''s furious plunge and Tuesday''s rollercoaster session, U.S. equity futures jumped after 4 straight days of losses, following European equities higher, as Ukraine optimism won, at least initially, over fears about high inflation and global stagflation as a result of soaring commodity prices, sparking a furious Delta squeeze (as we will show shortly in a subsequent post). At 730am ET, Nasdaq 100 contracts were up 2.1% while S&P 500 futures gained 1.6%. The underlying benchmark fell for a fourth straight session on Tuesday to close at its lowest since June 2021. Dow futures rose 1.5%. A bond selloff extended as investor focus turned to upcoming central-bank rate decisions, while oil prices reversed a rally driven by President Joe Biden’s ban on fossil-fuel imports from Russia. . The dollar weakened for the first time in five days, as haven demand waned. Bitcoin soared more than 10% over $42,000 spurred by optimism about an impending U.S. overhaul of crypto oversight that Treasury Secretary Janet Yellen called “historic.” Investors are bracing for a global stagflationary shock from a commodity-price rally fueled by Russia’s isolation even as supply disruptions threaten to usher in a period of slower global growth.

Deutsche Bank took a favorable view of the announcement by XPO Logistics (XPO) of a series of corporate actions. Read more.

XPO Logistics Inc (NYSE: XPO) said on Tuesday it plans to split its key North American business units into two publicly traded units and aims to divest its European business and North American inter

Shares of XPO stock are flying higher after the company announced two potential spinoffs. Here's what investors should know.

XPO Logistics Inc (NYSE: XPO) shares are up 15% on Wednesday after the American freight transportation firm revealed plans of listing its high-tech truck brokerage segment as a separate publicly trade

CNBC's Frank Holland sits down with XPO Logistics CEO Brad Jacobs to break down the company's plan to spin off its truck brokerage unit into a separate publicly traded company.

[caption caption="XPO’s less-than truckload business will be separated from the brokerage division, which will be spun off, and its intermodal division, which will be sold. Photo credit: Ari Ashe/JOC.com."][/caption]XPO Logistics Tuesday said it is spinning off its North American and European businesses, a move the Connecticut-based company said will result…