GXO Logistics price target raised to $74 from $67 at Loop Capital

Loop Capital analyst Rick Paterson raised the firm’s price target on GXO Logistics to $74 from $67 and keeps a Buy rating on the shares. The analyst cites the company’s Investor Day presentation that highlighted the management’s "talent" as it demonstrated its knowledge of the business and their industry. While this was less of a surprise, the constructive financial guidance for the company through 2027 certainly was, Paterson tells investors in a research note, adding that he expects the associated conviction and emerging track record to stabilize an "extremely volatile stock".