Truist analyst Lucas Servera initiated coverage of GXO Logistics (GXO) with a Hold rating and $40 price target GXO has been unsuccessful in delivering double-digit year-over-year organic growth since mid-2022 and the company recently guided for organic growth of 3%-6% year-over-year in 2025, notes the analyst, who sees “no room for material multiple expansion at any point in the coming 12 months.”
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