GXO Logistics price target raised to $63 from $58 at Goldman Sachs

Goldman Sachs analyst Patrick Creuset raised the firm’s price target on GXO Logistics (GXO) to $63 from $58 and keeps a Neutral rating on the shares ahead of its Q3 results. The firm is maintaining its FY24 estimates but increasing its FY25-FY27 adjusted EBITDA estimates by about 2% on average, reflecting “slightly higher organic growth assumptions”, the analyst tells investors in a research note.