GXO Logistics: Premium Verticals Support A Buy Despite Macro Risks
GXO Logistics, Inc. remains a Buy, though I lower my price target and remove share repurchase assumptions to prioritize balance sheet flexibility. Q3 revenue and EPS expectations have softened, reflecting cautious sentiment, but consensus still implies mid-single-digit growth and no full-year miss. Guidance was tightened but not raised at the midpoint; margin recovery is expected to accelerate as integration benefits materialize and contract quality improves.