GXO Logistics price target lowered to $66 from $74 at Stifel

Stifel lowered the firm’s price target on GXO Logistics (GXO) to $66 from $74 and keeps a Buy rating on the shares. The company issued an adjusted EBITDA guidance range of $840M-$860M for 2025, which is about 6% lower than pre-print consensus and the firm’s estimate, notes the analyst, who adds that this “surprised us a bit, because the market, while soft, appears stable, so this could just be a matter of conservatism.”