Truist raised the firm’s price target on GXO Logistics (GXO) to $48 from $40 and keeps a Hold rating on the shares as part of a broader research note previewing Q2 results for Transportation & Logistics names. Heading into the earnings season, the Transportation and Logistics landscape remains defined by freight market softness, cautious market optimism for second-half stabilization, and continued margin discipline across asset- based and asset-light players, the analyst tells investors in a research note. Truist adds that it expects the LTL industry volume to decline by 6% y/y in Q2, reflecting softer industrial activity and weaker-than-expected shipment trends exiting the quarter.
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