UBS Initiates Coverage On GXO Logistics with Buy Rating, Announces Price Target of $74
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Thomas Wadewitz has initiated coverage on GXO Logistics (NYSE:GXO) with a Buy rating and a price target of $74.
August 22, 2023 | 9:55 am
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POSITIVE IMPACT
UBS has initiated coverage on GXO Logistics with a Buy rating and a price target of $74, indicating positive sentiment towards the stock.
The initiation of coverage by UBS with a Buy rating and a price target of $74 indicates a positive outlook for GXO Logistics. This could potentially attract more investors to the stock, driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100