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RXO Inc. price target lowered to $15 from $17 at Stifel

Stifel lowered the firm’s price target on RXO Inc. (RXO) to $15 from $17 and keeps a Hold rating on the shares. The company reported disappointing Q3 results, missing on most major financial metrics, the analyst tells investors in a research note. The firm added that it believes disappointing guidance and anticipated gross margin pressure in a tightening spot rate environment will be meaningful headwinds to that progress.

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