Stifel analyst J. Bruce Chan raised the firm’s price target on GXO Logistics to $75 from $66 and keeps a Buy rating on the shares. The company has been one of the firm’s “favorite names” since it went public, the analyst tells investors. As the company continues to execute its long-term strategy, Stifel believes the stock should continue to re-rate upwards.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GXO: