GXO Logistics price target lowered to $63 from $66 at Stifel

Stifel analyst J. Bruce Chan lowered the firm’s price target on GXO Logistics (GXO) to $63 from $66 and keeps a Buy rating on the shares. It was “refreshing to hear the positivity” on GXO’s Q1 earnings call and the firm believes the print underscored the relative insulation in this model versus logistics peers, especially given the geographic bias to European revenue, the analyst tells investors. GXO “has been one of our top picks in the current tariff brouhaha, and it’s nice to see confirmation of that in the print,” the analyst added.