GXO Logistics Shares Move Higher After JPMorgan Sees 27% Upside

JPMorgan analyst Brian Ossenbeck initiated coverage of GXO Logistics Inc GXO with an Overweight rating and a price target of $107, implying an upside of 27%.
Ossenbeck says the company is a "unique pure-play" on contract logistics.
He Adds that GXO is well suited to take share in this growing market as the largest pure-play provider with an international presence and "strong balance sheet needed to help global brands solve complex supply chain issues.
Recently, the company deployed nearly 400 state-of-the-art display wearable scanners in warehouses in the UK, France, and the Netherlands, Italy, and Spain.
Related Content: GXO Logistics, A Spinoff Of XPO Logistics, Begins Trading
Price Action: GXO shares are trading higher by 6.24% at $84.475 on the last check Thursday.

Momentum25.95

Growth37.81

QualityNot Available

Value25.32

Short

Medium

Long

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