Goldman Sachs Upgrades GXO Logistics To Buy, Raises Target To $68

Group 1 - Goldman Sachs upgraded GXO Logistics Inc. from Neutral to Buy and raised its price target to $68 from $52, indicating improving growth prospects after years of underperformance relative to company targets [1] - GXO's organic revenue growth between 2023 and 2025 is expected to average about 4% annually, which is below the guidance range of 8%–12% [2] - The outlook for GXO is improving due to recent contract wins, revenue synergies from the Wincanton acquisition, and advancements in warehouse automation and robotics, which are expected to accelerate outsourcing [2]