Susquehanna raised the firm’s price target on GXO Logistics to $75 from $73 and keeps a Positive rating on the shares. The firm said GXO set what felt like realistic 2024 expectations after 2H23 ended with a volume-driven slowdown, with news on better organic trends so far in 1Q encouraging toward their sub consensus outlook forming a floor earnings can grow from.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GXO:
