BUZZ-TD Cowen raises RXO's PT on strengthening pricing trends

RXO, Inc. Common Stock

RXO, Inc. Common Stock

RXO

0.00

** TD Cowen lifts price target on transportation broker firm RXO RXO.N to $21 from $14, maintains "hold" rating

** New PT implies a 9.1% downside from the stock's last close

** RXO on Thursday beat first-quarter Wall Street revenue estimates on stronger less-than-truckload volumes

** Brokerage says contractual rate increases should incrementally benefit firm's results in the second half

** April trends show further pricing strength, driven by higher revenue per load, improving gross profit per load, and a rising spot mix, reinforcing momentum into Q2 - TD Cowen

** Four of 20 brokerages rate the stock "buy" or higher, fourteen "hold" and two "sell"; their median PT is $21 - data compiled by LSEG

** As of last close, stock had risen 82.8% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.