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GXO Logistics price target raised to $62 from $55 at Oppenheimer

Oppenheimer raised the firm’s price target on GXO Logistics (GXO) to $62 from $55 and keeps an Outperform rating on the shares. The firm notes Q2 revenue grew 16% year-over-year via +6%/+6%/+4% year-over organic growth/M&A/forex, respectively, and exceeded its estimate/consensus.

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