GXO Logistics price target raised to $70 from $65 at Wells Fargo

Wells Fargo raised the firm’s price target on GXO Logistics (GXO) to $70 from $65 and keeps an Overweight rating on the shares. Coming off its callback, the firm is raising estimates. While Wells remains constructive in 2026, the more compelling story is earnings acceleration into 2027. Organic growth remains solid, and revitalized focus on margin expansion offers incremental upside, the firm adds.