Barclays analyst Brandon Oglenski raised the firm’s price target on GXO Logistics to $52 from $40 and keeps an Equal Weight rating on the shares. The Q4 transport results are likely to be soft given deteriorating fundamentals at the end of 2022, but the potential for destocking and bottoming in truck pricing later in 2023 "could provide ample green shoots for value investors," Oglenski tells investors in a research note.
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Published first on TheFly
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