GXO Logistics initiated with an Overweight at Stephens
Stephens initiated coverage of GXO Logistics with an Overweight rating and $75 price target. The transport cycle is broadly improving, with more fundamental upside potential than downside risk ahead, its momentum should carry well into 2027, and "investors should capitalize rising earnings at historically elevated multiples," the firm said while resuming its transportation coverage.
Stephens initiated coverage of GXO Logistics with an Overweight rating and $75 price target.
The transport cycle is broadly improving, with more fundamental upside potential than downside risk ahead, its momentum should carry well into 2027, and "investors should capitalize rising earnings at historically elevated multiples," the firm said while resuming its transportation coverage.