GXO Logistics Is An Emerging Leader Leveraging Automation For Sustained Growth: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Oppenheimer analyst Scott Schneeberger reiterated an Outperform rating on GXO Logistics (NYSE:GXO) and raised the price target from $62 to $67. The analyst is positive on the company's growth story, citing secular warehouse supply chain outsourcing tailwinds and a $2.3 billion business pipeline. Schneeberger also sees at least 6% y/y 2023 organic revenue growth and potential margin improvements due to automation and operating efficiency initiatives.
June 12, 2023 | 6:13 pm
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Oppenheimer analyst raises price target for GXO Logistics from $62 to $67, citing strong growth prospects, a $2.3 billion business pipeline, and potential margin improvements due to automation and operating efficiency initiatives.
The analyst's positive outlook on GXO Logistics' growth story, the $2.3 billion business pipeline, and potential margin improvements due to automation and operating efficiency initiatives are likely to have a positive short-term impact on the stock price. The raised price target from $62 to $67 also indicates a higher valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100