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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 Q2 2025 Growth
- GXO Logistics: Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- GXO Logistics: Strong Performance, Strategic Positioning, and Promising Growth Outlook
- GXO Logistics price target raised to $60 from $56 at Morgan Stanley
- GXO Logistics CFO Departure Announced