Citi initiated coverage of QXO (QXO) with a Buy rating and $33 price target The firm believes QXO has a “unique opportunity” to acquire companies in the “highly fragmented” building products distribution sector. It believes building products is “ripe for consolidation” and says the company’s CEO Brad Jacobs has a track record of value creation.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QXO:
- QXO Inc put volume heavy and directionally bearish
- QXO appoints Eric Nelson chief information officer
- 3 Stocks Flashing ‘Strong Buy’ Signals, According to Technical Analysis
- 3 Strong Buy Stocks with 30%+ Upside, According to Wall Street Analysts
- 3 “Strong Buy” Technology Stocks to Buy Now, 7/2/25, According to Top Analysts