TD Cowen analysts revised their price target for XPO (NYSE:XPO) to $142, down from $143, while maintaining a Buy rating on the stock.
The revision comes after the firm adjusted its model to reflect quarter-to-date performance. August’s tonnage per day showed a 4.6% decline, which fell short of seasonal expectations due to XPO’s significant exposure to the weakened industrial economy. As a result, the analysts lowered volume assumptions for the second half of the year.
Despite the volume adjustments, the analysts remain confident in the company’s ability to maintain yield and margin targets, citing the effectiveness of XPO’s cost and yield optimization efforts. Based on an estimated $5.80 in earnings per share for 2026, and maintaining a 24.5x valuation multiple, the new price target is set at $142.