Energy
Tuesday, August 15th, 2023 8:28 am EDT
Morgan Stanley’s decision Tuesday to boost its price target on XPO Logistics (XPO) to $65 a share, from $45, could signal a “new king” in the trucking-and-logistics industry, CNBC’s Jim Cramer said — even though he’s long been partial to Old Dominion (ODFL).
Shares of XPO were trading down around 1% Tuesday morning, at roughly $72.80 a share.
Meanwhile, Cramer also said Tuesday that we could be in a “golden age of natural gas,” on the heels of the Investing Club’s move last week to add to its position in oil-and-gas producer Coterra Energy (CTRA).
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