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GXO Logistics price target raised to $60 from $58 at Susquehanna

Susquehanna raised the firm’s price target on GXO Logistics (GXO) to $60 from $58 and keeps a Positive rating on the shares. The firm said the company’s second guidance hike in two months is encouraging, especially with the context of 3Q-TD tracking similar to 2Q’s ~6% organic revenue growth and a “prudent” / “conservative” approach to guiding 4Q’s peak with their new CEO starting this month.

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