GXO Logistics price target raised to $65 from $62 at Credit Suisse

Credit Suisse analyst Ariel Rosa raised the firm’s price target on GXO Logistics to $65 from $62 and keeps an Outperform rating on the shares. The firm visited a GXO warehouse in Bethlehem, PA, which manages outbound logistics for a major consumer apparel brand. Credit Suisse sees a "sizeable" opportunity in warehouse outsourcing and automation, and thinks the company’s Investor Day targets seem incrementally more credible, the analyst tells investors in a research note.