GXO Logistics, Inc. (NYSE:GXO) price target was raised at Oppenheimer to $91 from $78 as the brokerage expects continued momentum as the company gathers incremental recognition as the world's largest publicly- traded Contract Logistics pure-play as a result of XPO Logistics’ spin-off.

According to analysts at Oppenheimer they see the company as well-positioned to deliver significant organic growth as it takes advantage of strong secular tailwinds through e-commerce, warehouse automation, and supply-chain outsourcing.