Truist analyst Lucas Servera raised the firm’s price target on GXO Logistics (GXO) to $40 from $35 and keeps a Hold rating on the shares. The firm increased estimates following the Q1 report. While GXO reported strong new contract wins and reaffirmed guidance, Truist remains on the sidelines pending color around margin expansion and consistent quarters of organic growth in line with guidance, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GXO:
- GXO Logistics Reports Strong Q1 2025 Performance
- GXO Logistics Inc: Promising Growth Amidst Challenges
- Positive Outlook for GXO Logistics: Strong Earnings, Strategic Growth, and Buy Rating Affirmed
- GXO Logistics Releases Q1 2025 Investor Presentation
- GXO Logistics reports Q1 adjusted EPS 29c, consensus 25c