GXO Logistics (GXO) Gets a Hold Rating from Morgan Stanley

Morgan Stanley analyst Ravi Shanker maintained a Hold rating on GXO Logistics (GXOResearch Report) today and set a price target of $67.00. The company’s shares closed last Thursday at $51.10.

According to, Shanker is a 1-star analyst with an average return of -0.8% and a 49.4% success rate. Shanker covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, Canadian National Railway, and Allegiant Travel Company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for GXO Logistics with a $73.08 average price target.

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The company has a one-year high of $105.92 and a one-year low of $38.08. Currently, GXO Logistics has an average volume of 1.16M.

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GXO Logistics Inc is a contract logistics company. Its revenue is diversified across numerous verticals and customers, including many multinational corporations. It provides warehousing and distribution, order fulfillment, e-commerce, and reverse logistics, and other supply chain services differentiated by its ability to deliver technology-enabled, customized solutions at scale.

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