As previously reported, Goldman Sachs upgraded GXO Logistics (GXO) to Buy from Neutral with a price target of $68, up from $52. GXO’s organic revenue growth post-pandemic has averaged about 4% per year, but the firm believes that the company’s organic growth outlook is improving, the analyst tells investors. The firm cites contract wins and Wincanton revenue synergies as near-term tailwinds and advances in warehouse automation and robotics in the medium-term.
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