GXO Logistics price target lowered to $66 from $68 at Citi

Citi analyst Ariel Rosa lowered the firm's price target on GXO Logistics to $66 from $68 and keeps a Buy rating on the shares. Transports' Q2 earnings are likely to be among the strongest in years, as companies benefit from significantly tighter capacity conditions coupled with moderately improving demand, the analyst tells investors in a preview for the group.