Oppenheimer Maintains Outperform on GXO Logistics, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Scott Schneeberger has maintained an Outperform rating on GXO Logistics (NYSE:GXO) but reduced the price target from $76 to $66.

November 13, 2023 | 5:32 pm
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NEUTRAL IMPACT
Oppenheimer has maintained an Outperform rating on GXO Logistics but lowered the price target from $76 to $66, indicating a positive outlook but with reduced expectations.
While the Outperform rating suggests that Oppenheimer still sees GXO Logistics as a good investment, the reduction in the price target may reflect a tempered expectation for the stock's performance. This could lead to a neutral short-term impact as the market digests the mixed signals of confidence and caution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100