Market News / Story
Citi Research sees opportunities in trucking, upgrades XPO to Buy
Seeking Alpha ·
Seeking Alpha reports: The recent decline across the transport sector has created a buying opportunity in trucking stocks, leading Citi Research analyst Ariel Rosa to look favorably on the industry and upgrade XPO to Buy from Neutral to reflect expectations for the less-than-truckload (LTL) carrier to report an upbeat third quarter. The “valuation reset” across the segment following J.B. Hunt Transport’s profit warning last month resulted in a “healthy correction” and an attractive…