Jason Seidl, an analyst from TD Cowen, reiterated the Buy rating on GXO Logistics. The associated price target remains the same with $69.00.
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Jason Seidl has given his Buy rating due to a combination of factors tied to GXO’s solid execution and growth outlook. The company delivered first-quarter adjusted EPS that exceeded both his and the Street’s expectations even after stripping out a one-time benefit, supported by better-than-anticipated revenue from new business wins and steady organic growth, which allowed for a modest upward tweak to guidance while keeping the $69 price target intact.
He also points to GXO’s differentiated, higher-value logistics niche and its limited exposure to areas where Amazon has been most active, reducing the risk from that competition while acknowledging lingering investor concerns. A materially larger sales pipeline, growing exposure to strategic verticals such as aerospace and defense and hyperscalers, and a notable new win in North America reinforce his confidence in future revenues and support maintaining a Buy recommendation.