GXO Logistics price target lowered to $50 from $72 at UBS

UBS analyst Thomas Wadewitz lowered the firm’s price target on GXO Logistics (GXO) to $50 from $72 and keeps a Buy rating on the shares. GXO Logistics had a “tepid” start to 2025, noting a $15M EBITDA headwind in Q1 from changing activity with three customers, the analyst tells investors in a research note. UBS believes the defensiveness of GXO’s model and the medium-term support for growth from warehouse automation and outsourcing provide an attractive growth profile.