On Nov 06, major Wall Street analysts update their ratings for $GXO Logistics (GXO.US)$, with price targets ranging from $63 to $83.
Morgan Stanley analyst Ravi Shanker maintains with a buy rating, and maintains the target price at $70.
J.P. Morgan analyst Brian Ossenbeck maintains with a buy rating, and adjusts the target price from $66 to $71.
Wells Fargo analyst Christian Wetherbee maintains with a buy rating, and adjusts the target price from $58 to $65.
Jefferies analyst Stephanie Moore maintains with a buy rating, and maintains the target price at $75.
TD Cowen analyst Jason Seidl maintains with a buy rating, and adjusts the target price from $82 to $83.
Furthermore, according to the comprehensive report, the opinions of $GXO Logistics (GXO.US)$'s main analysts recently are as follows:
The firm indicated that GXO Logistics' third-quarter performance met expectations, and the company continues to demonstrate robust contract achievements and e-commerce vigor. Management anticipates a strong demand in the fourth quarter.
Following a recent review, an analyst has increased the fourth-quarter estimates for GXO Logistics, noting that despite ongoing volume challenges, the third quarter performance was commendable with a noticeable sequential improvement in margins. It is also indicated that organic revenue growth may have reached its lowest point, suggesting a potential uptick in earnings going forward.
Here are the latest investment ratings and price targets for $GXO Logistics (GXO.US)$ from 6 analysts:
Note:
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