- 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.
For further details see:
Recent Upside In Energy Stocks Probably Means IXC Is Now Trading Close To Fair Value