Goldman Sachs lowered the firm’s price target on GXO Logistics (GXO) to $54 from $63 and keeps a Neutral rating on the shares. The firm is cutting its FY25 EPS view to $1.95 from $2.21 and its FY26 view to $2.43 from $2.71 to reflect adverse FX conditions as the company generates only about a quarter of its revenue in North America, the analyst tells investors in a research note. Goldman Sachs further cites GXO’s operating and financial leverage and slightly higher expense estimates weighing on its EBITDA .
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