Citi lowered the firm’s price target on RXO Inc. (RXO) to $15 from $16 and keeps a Neutral rating on the shares. The firm adjusted ratings and targets in the transports group as part of its 2026 outlook. Citi sees a better setup in 2026 for the sector due to tighter capacity, which it believes should support higher rates.
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Read More on RXO:
- RXO, Inc. Faces Market Challenges and Margin Pressures Amid Cautious Outlook
- RXO Inc. price target raised to $16 from $15 at Stifel
- RXO Inc. director buys $100.5K in common stock
- RXO Inc. upgraded to Peer Perform from Underperform at Wolfe Research
- RXO Inc. upgraded to Overweight from Equal Weight at Morgan Stanley