TD Cowen Reiterates Outperform Rating on GXO Logistics Inc. (GXO)

TD Cowen analyst Jason Seidl reiterated an Outperform rating and $78.00 price target on GXO Logistics Inc. (NYSE: GXO) and reiterated the stock as its Best Europe Idea.

The analyst commented, "We continue to see GXO as a LT winner of the growing outsourced logistics market, and $568MM of business wins in ’24 offer earnings clarity despite softness in omnichannel segments. GXO is now trading at a discount to its own historical average and US/EU peer group. We believe shares currently offer an attractive entry point. Price target of $78 intact, reiterate Outperform and Best Europe Idea."

For an analyst ratings summary and ratings history on GXO Logistics Inc. click here. For more ratings news on GXO Logistics Inc. click here.

Shares of GXO Logistics Inc. closed at $49.69 yesterday.

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