GXO Logistics price target lowered to $65 from $70 at Wells Fargo

Wells Fargo analyst Christian Wetherbee lowered the firm’s price target on GXO Logistics (GXO) to $65 from $70 and keeps an Overweight rating on the shares. Coming off the firm’s callback, Wells is maintaining estimates. While the firm remains constructive on 2026 and sees upside, the more muted second half of the year ramp and slower start to 2027 are offsets. Nevertheless, it’s an Iran resolution winner with solid long-term fundamental growth, adds Wells.