Citi analyst Christian Wetherbee raised the firm’s price target on GXO Logistics to $74 from $66 and keeps a Buy rating on the shares after meeting with management. The firm says that while near-term uncertainty is abound, it left the meeting with increased confidence in GXO’s business outlook and have more confidence in the company’s revenue, margin, and free cash flow outlook. The company is seeing accelerating new business wins, the analyst tells investors in a research note.
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