JPMorgan lowered the firm’s price target on RXO Inc. (RXO) to $14 from $15 and keeps an Underweight rating on the shares. The firm updated transportation and logistics estimates and price targets as part of a Q2 earnings preview. JPMorgan reduced estimates across the board, saying tariffs and trade policy uncertainty has persisted while spot truckload rates went down before bouncing back around the July 4 holiday.
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Read More on RXO:
- RXO Inc. price target lowered to $21 from $23 at Morgan Stanley
- RXO, Inc. Faces Mixed Performance and Regulatory Challenges: Hold Rating with Cautious Outlook
- RXO Inc. price target raised to $12 from $10 at Susquehanna
- RXO Inc. management to meet with Benchmark
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