QXO price target lowered to $30 from $33 at RBC Capital

RBC Capital lowered the firm’s price target on QXO (QXO) to $30 from $33 and keeps an Outperform rating on the shares. RBC Capital remains cautious into early 2026, with housing affordability still challenging and R&R potentially inflecting later in the year, the analyst tells investors in a research note. Nonresidential markets are mixed, key risks include policy changes, rates, and tariffs, and the sector is expected to remain volatile, with homebuilders the most cautious, distribution favored, and building products OEMs offering relatively attractive valuations.