** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.