GXO Logistics gains after positive callout from Deutsche Bank
Dec. 06, 2021 10:04 AM ETGXO Logistics, Inc. (GXO)By: Clark Schultz, SA News Editor1 Comment
- GXO Logistics (GXO +1.4%) is the top pick from Deutsche Bank in the transportation sector.
- Analyst Amit Mehrotra: "GXO helps companies readjust supply chains for e-commerce. They are the biggest pure play outsourced provider that helps companies solve supply chain challenges... They operate almost 900 warehouses around the world, and employ almost 100,000 people. Any outbreak could impact labor availability."
- Wall Street ratings scorecard on GXO: 8 buy-equivalent ratings or higher vs. 5 Neutral-equivalent ratings and no Sell-equivalent ratings.