GXO Logistics price target lowered to $74 from $76 at Loop Capital

Loop Capital lowered the firm’s price target on GXO Logistics (GXO) to $74 from $76 and keeps a Buy rating on the shares as part of a broader research note on Transportation names. The firm is revising its model following a disappointing quarter and commentary from J.B. Hunt (JBHT) this week, the analyst tells investors in a research note.