GXO Logistics price target raised to $62 from $53 at Deutsche Bank

Deutsche Bank analyst Amit Mehrotra raised the firm’s price target on GXO Logistics to $62 from $53 and keeps a Buy rating on the shares following the company’s investor day. The analyst sees "plenty of additional upside" in the shares if management can hit its long term targets. GXO is forecasting compounded annual revenue growth of 10% from 2021 to 2027, Mehrotra tells investors in a research note. He thinks the stock "can continue melting higher as the company continues to execute well."