Susquehanna lowered the firm’s price target on GXO Logistics to $66 from $74 and keeps a Positive rating on the shares. The firm said GXO’s bottom-line resilience vsersus volume-driven top-line challenges continue to validate the model and they remain buyers into 2024, after cutting EPS primarily on higher debt/interest post acquisition.
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: