Citigroup and JP Morgan upgraded this key transportation firm, citing new additions to the management structure as cause for a future rally.
A key shipping company just received two upgrades on new management additions that could underpin a strong rally. Citi upgraded shares of XPO from neutral to buy on Thursday, while JPMorgan Chase went from neutral to overweight on Friday. Citi's new $50 price target represents about 22% upside for investors compared to the stock's Thursday closing price of $40.79. JP Morgan is slightly more bullish with a $52 per share price target that represents 27% upside.
XPO recently added new chief operating officer David Bates from Old Dominion, and he will assume the role on Friday. Former Old Dominion chief financial officer Wes Frye joined XPO's board of directors on March 9. "In addition, we think two senior executives joining from OD can lead to further hires to broaden out the operating/sales ranks," Citigroup stock analyst Christian Wetherbee wrote Thursday.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wall Street banks like JPMorgan, Citigroup wrote off $3.4B bad loansWall Street's top 4 banks wrote off $3.4 billion in bad loans from borrowers who couldn't keep up in the first 3 months of 2023
Leer más »
LIVE STOCK MARKET UPDATES: Morgan Stanley, Ally Financial, Citizens, and other banks report earningsA speech from the NY Fed's John Williams, IBM, and Tesla earnings. More on the ongoing banking crisis and looming recession. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Leer más »
Morgan Stanley Stock Price Today | NYSE MS Live Ticker - Investing.comView today's Morgan Stanley stock price and latest MS news and analysis. Create real-time notifications to follow any changes in the live stock price.
Leer más »
Stocks making the biggest moves premarket: United Airlines, Netflix, Morgan Stanley and moreThese are the stocks posting the largest moves in premarket trading.
Leer más »
Morgan Stanley Profit Falls 19% on Dealmaking DroughtMorgan Stanley just dropped its first-quarter earnings, confirming once again that investment banking is still in the doldrums for Wall Street powerhouses. Profit fell 19% from one year ago, to $2.98 billion. That amounted to $1.70 per share, beating analyst expectations. Revenue was $14.52 bil
Leer más »
Jets’ Morgan Barron gets 75 stitches after face slashed by skate – and still returns to gameMorgan Barron was injured in the first period during a big scramble in front of the Vegas Golden Knights’ net in Game 1 of the teams’ Western Conference first-round series, which Winnip…
Leer más »