Morgan Stanley Reiterates Overweight on GXO Logistics, Maintains $66 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has reiterated an Overweight rating on GXO Logistics (NYSE:GXO) and maintained a $66 price target.
July 06, 2023 | 1:46 pm
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Morgan Stanley has reiterated an Overweight rating on GXO Logistics and maintained a $66 price target, indicating a positive outlook for the company.
The reiteration of an Overweight rating by Morgan Stanley indicates that the firm believes GXO Logistics' stock will outperform the market in the near future. The maintained price target of $66 also suggests that the firm sees potential for the stock's price to increase. This could have a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100