Morgan Stanley Maintains Overweight Rating for GXO Logistics: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of GXO Logistics GXO and lower its price target from $78.00 to $75.00.

Shares of GXO Logistics are trading up 0.0% over the last 24 hours, at $52.39 per share.

A move to $75.00 would account for a 43.16% increase from the current share price.

About GXO Logistics

GXO Logistics Inc is a contract logistics company. Its revenue is diversified across numerous verticals and customers, including many multinational corporations. It provides warehousing and distribution, order fulfillment, e-commerce, and reverse logistics, and other supply chain services differentiated by its ability to deliver technology-enabled, customized solutions at scale. Geographically, it derives a majority of revenue from the United Kingdom.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.