Truist lowered the firm’s price target on QXO (QXO) to $26 from $28 and keeps a Buy rating on the shares. The firm is adjusting its model to reflect the continued weakness in the R&R market, lack of storms and the rising price pressure in some regions , the analyst tells investors in a research note. Truist adds however that its 2026 estimates remain unchanged, which are heavily driven by M&A, as the firm believes QXO will close another deal soon and that the departure of the company CEO accelerates a large deal.
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