Read How Analysts Reacted To Potential GXO - Clipper Logistics Deal - GXO Logistics (NYSE:GXO)

Citi analyst Christian Wetherbee is "constructive" on GXO Logistics Inc's GXO purchase of Clipper Logistics in a deal valued at $1.3 billion, split between cash and stock.
Wetherbee maintained a Buy rating on the shares with a price target of $110.
The analyst likes the "high-growth nature" of Clipper's business, saying it is underpinned by e-commerce and reverse-logistics offerings, as well as the "reasonable multiple" GXO paid for the deal inclusive of synergies.
Wetherbee says the combination appears compelling geographically as well, given Clipper's presence in key European regions with minimal overlap to GXO's existing customer base.
Morgan Stanley analyst Ravi Shanker raised the price target to $75 (a downside of 6%) from $73 and maintained an Equal-Weight rating on the shares.
Recently, JPMorgan analyst Brian Ossenbeck kept an Overweight rating on GXO and expected a positive reaction in GXO shares on this news.
Price Action: GXO shares are trading lower by 5.37% at $79.42 on the last check Tuesday.

Momentum18.76

Growth69.90

Quality-

Value23.67

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Medium

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Read How Analysts Reacted To Potential GXO - Clipper Logistics Deal