Wells Fargo lowered the firm’s price target on GXO Logistics to $65 from $75 and keeps an Overweight rating on the shares. The firm says results illustrated GXO’s resiliency. Wells believes new business wins and churn are the key to value creation. Amid softness, the business wins have continued, and churn has remained stable, the firm adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GXO: