Morgan Stanley Reinstates Overweight on GXO Logistics, Announces $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker reinstates GXO Logistics (NYSE:GXO) with an Overweight rating and sets a $70 price target.
May 14, 2024 | 4:49 pm
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Morgan Stanley reinstated GXO Logistics with an Overweight rating and a $70 price target, indicating a positive outlook on the stock.
The reinstatement of GXO Logistics by Morgan Stanley with an Overweight rating and a high price target suggests a strong positive sentiment towards the company's stock. This could lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100