Stifel cuts GXO Logistics PT on slower print business

GXO Logistics

09/05/2025 16:17

** Stifel cut GXO Logistics' GXO.N price target to $63 from $66, an upside of 58.7% to the stock's last close

** Reiterates rating of 'buy'

** Says co's print business underperformed in comparison to other logistics peers, especially due to slower revenue growth in Europe

** Co's Q1 revenue in Europe grew 2.5% on year to $656 mln

** Brokerage expects co's earnings to do well in coming quarters driven by growing pipeline, despite macroeconomic uncertainty

** Shares up nearly 1% at $40

** Co on Wednesday posted Q1 adj EPS of 29 cents, compared with 45 cents from the same quarter last year

** Thirteen of 18 brokerages rate the stock "buy" or higher, five "hold"; their median PT is $55 -  LSEG

** Including session's moves, shares down 8.2% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))