Jefferies analyst Stephanie Moore raised the firm’s price target on GXO Logistics to $65 from $60 and keeps a Buy rating on the shares following an investor day that "exceeded our expectations." The company gave preliminary 2023 guidance above her estimate and provided 2027 targets well above her base case, said Moore, who came away from the event with increased confidence in GXO’s near- and long-term growth opportunity.
Published first on TheFly
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- GXO Logistics price target raised to $62 from $53 at Deutsche Bank
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- GXO Logistics sees FY23 organic revenue up 6%-8%, consensus $9.57B
- GXO Logistics sees FY22 revenue $9.0B, consensus $8.99B
