XPO Logistics cancels terminates strategic review, that could have led to sale of business units [MarketWatch]
XPO, Inc. (XPO)
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Source: MarketWatch
XPO Logistics cancels terminates strategic review, that could have led to sale of business units XPO Logistics Inc. XPO, -6.71% disclosed Friday that it has terminated the previously announced review of strategic alternatives, "in light of current market conditions." The transportation and logistics company's stock had surged 15.1% to $95.35 on Jan. 16, after the company said it might sell off one or more of its business units as part of the strategic review. The stock, which was still inactive in premarket trading, has tumbled 57.7% over the past month, amid concerns over the impact of the coronavirus outbreak. Over the same time, the Dow Jones Transportation Average DJT, +1.54% has dropped 35.8% and the Dow Jones Industrial Average DJIA, +0.95% has lost 31.3%.
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XPO
News
- FedEx's divestiture of LTL business marks end of conglomerate era [Yahoo! Finance]Yahoo! Finance
- XPO, Inc. (NYSE: XPO) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $150.00 to $167.00. They now have a "buy" rating on the stock.MarketBeat
- XPO, Inc. (NYSE: XPO) had its price target raised by analysts at Oppenheimer Holdings Inc. from $148.00 to $176.00. They now have an "outperform" rating on the stock.MarketBeat
- XPO, Inc. (NYSE: XPO) had its price target raised by analysts at JPMorgan Chase & Co. from $146.00 to $160.00. They now have an "overweight" rating on the stock.MarketBeat
- GXO CEO to Retire in 2025 as Logistics Firm Reportedly Ends Sale Process [Yahoo! Finance]Yahoo! Finance
XPO
Earnings
- 10/30/24 - Beat
XPO
Sec Filings
- 12/3/24 - Form 8-K
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- XPO's page on the SEC website