Wells Fargo raised the firm’s price target on GXO Logistics (GXO) to $60 from $57 and keeps an Overweight rating on the shares. Coming off its callback, the firm is raising 2026 estimates. Wells notes Q2 results were strong and GXO raised its full-year outlook. Organic growth re-accelerated in Q2 to 6% and GXO has line of site into the second half of the year and 2026 strength with recent business wins.
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