Loop Capital Maintains Buy on GXO Logistics, Lowers Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Rick Paterson maintains a Buy rating on GXO Logistics (NYSE:GXO) but lowers the price target from $76 to $74.
April 18, 2024 | 3:38 pm
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NEUTRAL IMPACT
Loop Capital maintains a Buy rating on GXO Logistics but lowers the price target from $76 to $74.
The adjustment in price target by Loop Capital, while maintaining a Buy rating, suggests a positive outlook on GXO Logistics with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market absorbs the slight decrease in price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100