Oppenheimer analyst Scott Schneeberger raised the firm’s price target on GXO Logistics to $76 from $67 and keeps an Outperform rating on the shares ahead of quarterly results. The firm is confident Q2 will be yet another example of the company’s ability to drive revenue growth via persistent new business wins. Oppenheimer anticipates it likely to endure a partial top-line growth offset via reduced transactional volumes due to perceived slowing consumer spending impacting existing customers’ activity.
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