IXC - Recent Upside In Energy Stocks Probably Means IXC Is Now Trading Close To Fair Value

• IXC is exposed to oil and gas producers.
• Recent upside in energy stocks has enabled IXC to outperform on a short-term time horizon.
• However, in light of war and rising commodity prices, analyst estimates of earnings growth have increased materially.
• While IXC looks well-positioned, and still not expensive, a more cautious approach tells me that most of IXC's outperformance is over.
• Forward outperform is now dependent on the strength of analysts' recently revised predictions, and as such I would prefer to remain neutral.

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