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Oppenheimer Raised GXO Logistics Price Target to $91 From $78
Sep 21, 2021 10:55 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
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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.
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