XPO price target raised to $165 from $150 at Benchmark

Group 1 - Benchmark raised the price target on XPO to $165 from $150 while maintaining a Buy rating on the shares [1] - The firm reduced Q4 and FY26 estimates due to quarter-to-date volumes running below normal seasonality and prior assumptions [1] - Benchmark views the near-term softness in XPO's performance as "cyclical rather than structural" [1] - XPO remains on Benchmark's Best Ideas list [1]