Morgan Stanley raised the firm’s price target on GXO Logistics (GXO) to $70 from $58 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the freight transportation group as part of its 2026 outlook. It upgraded its freight transportation industry view to Attractive from In-Line for 2026. Risk/rewards are the best they have been since 2020, “even if the coast is not entirely clear,” the analyst tells investors.
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