tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

GXO Logistics price target raised to $60 from $57 at Wells Fargo

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.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1