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XPO Logistics (NYSE:XPO) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $31.00 price objective on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 19.92% from the stock’s previous close.

XPO Logistics (NYSE:XPO) opened at 25.85 on Friday. XPO Logistics has a 1-year low of $15.48 and a 1-year high of $30.90. The stock has a 50-day moving average of $27.48 and a 200-day moving average of $23.52. The company’s market cap is $789.0 million.

A number of other firms have also recently commented on XPO. Analysts at KeyCorp upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of XPO Logistics in a research note to investors on Tuesday, January 7th. They now have a $37.00 price target on the stock, up previously from $32.00. Finally, analysts at FBR Capital Markets raised their price target on shares of XPO Logistics from $30.00 to $33.00 in a research note to investors on Tuesday, January 7th. They now have an “outperform” rating on the stock. Eleven investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $29.00.

XPO Logistics, Inc is a logistics provider of freight transportation services. As of December 31, 2011, the Company’s operations consisted of three business units: expedited transportation, freight forwarding and freight brokerage.

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