Exane BNP Paribas Upgrades GXO Logistics to Neutral, Announces $50 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Hugo Watkins upgrades GXO Logistics (NYSE:GXO) from Underperform to Neutral and sets a $50 price target.

March 27, 2024 | 2:11 pm
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GXO Logistics was upgraded from Underperform to Neutral by Exane BNP Paribas, with a new price target of $50.
The upgrade from Underperform to Neutral by a reputable analyst indicates a positive reassessment of GXO Logistics' market position and future prospects. The setting of a $50 price target suggests an expectation of upward movement in GXO's stock price, likely leading to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100