Truist analyst Lucas Servera raised the firm’s price target on GXO Logistics (GXO) to $40 from $35 and keeps a Hold rating on the shares. The firm increased estimates following the Q1 report. While GXO reported strong new contract wins and reaffirmed guidance, Truist remains on the sidelines pending color around margin expansion and consistent quarters of organic growth in line with guidance, the analyst tells investors in a research note.
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