M&A radar: SATS doesn't persuade the plebs
Days of uprising
There is talk that softer 2019 adjusted ebitda guidance for XPO Logistics, which emerged yesterday, was behind its 9.6% fall in the day on the stock exchange on Wednesday.
I understand we always need to find correlations and/or causations in certain corporate events, but frankly, I do not buy it, as I have commented elsewhere in the past 24 hours.
Meanwhile, with XPO stock now trading at $60 against the $114.5 a share consensus estimate from sell-analysts, based on Thomson Reuters data – expect ...