JPMorgan Lowers XPO Price Target to $205.00

JPMorgan Chase & Co. has revised its price target for XPO Inc. (NYSE: XPO), lowering it from $214.00 to $205.00 in a research note released on Monday. The firm maintained an "overweight" rating on the transportation company, suggesting a potential upside of 10.54% from the current stock price.

XPO has recently been the subject of several other analyst reports. Susquehanna reduced its price objective to $194.00 with a "neutral" rating, while Oppenheimer increased its target to $238.00 with an "outperform" rating. Sanford C. Bernstein initiated coverage with an "outperform" rating and a $244.00 target, and Goldman Sachs reaffirmed a "buy" rating with a $247.00 target. TD Cowen also raised its price objective to $228.00 with a "buy" rating.

Analysts have mixed opinions on XPO, with one rating it a "Strong Buy," eighteen rating it a "Buy," six rating it a "Hold," and one rating it a "Sell." The consensus rating is a "Moderate Buy" with a consensus price target of $224.77. During midday trading on Monday, XPO shares traded down $0.65 to $185.44.

The company reported quarterly earnings of $1.70 per share, beating estimates by $0.22, and revenue of $2.35 billion, exceeding expectations of $2.28 billion. Insider activity includes sales by CAO Christopher Brown and CFO Kyle Wismans, with insiders collectively selling 11,730 shares worth $2,208,974 in the last ninety days.