News / Wall St analysts rally to XPO Logistics' cause

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Last week’s financial report by activist investor Spruce Point Capital, which made a series of claims about XPO Logistics that led to a dramatic decline in its share price, has been heavily criticised by other Wall St financial analysts.

The company’s share price has since rebounded 25% after a series of banking analysts claimed the note was an attempt to short sell XPO’s stock.

“There are enough inaccuracies in the report, and highly misleading analysis-especially with respect to the cash flow- to ...