Morgan Stanley Maintains Overweight on GXO Logistics, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Overweight rating on GXO Logistics (NYSE:GXO) and raised the price target from $66 to $78.
August 07, 2023 | 3:32 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on GXO Logistics and raised the price target from $66 to $78, indicating a positive outlook for the company.
The raised price target by Morgan Stanley indicates a positive outlook for GXO Logistics. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100