BUZZ-BMO raises PT on Old Dominion, XPO and Saia as freight-cycle optimism builds

Reuters
02/20
BUZZ-BMO raises PT on Old <a href="https://laohu8.com/S/D">Dominion</a>, XPO and Saia as freight-cycle optimism builds

** BMO lifts PT on U.S. transportation firms Old Dominion Freight Line ODFL.O, XPO XPO.N and Saia SAIA.O

** Brokerage says optimism around a freight-cycle recovery is rising, driven by tightening truckload capacity and early signs of industrial stabilization

** Notes XPO and SAIA face greater downside risk than ODFL, if the freight cycle fails to firm

** S&P 500 Transportation Index .SPLRCTRN up nearly 9.5% YTD

Companies

New PT

Old PT

Old Dominion Freight Line

$215

$185

XPO

$230

$205

Saia

$425

$415

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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