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