Barclays raised the firm’s price target on RXO Inc. (RXO) to $17 from $15 and keeps an Overweight rating on the shares. The firm says that with February spot rates up 25%, ongoing regulatory enforcement and “fresh signs” of demand upside, the truckload market “appears to have finally turned a corner.” It sees potential for double-digit contract renewals later this year.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RXO:
- RXO Refinances Debt and Redeems 2027 Notes
- RXO Inc. falls -24.7%
- RXO Prices $400 Million Senior Notes to Refinance Debt
- RXO’s Growing AI Dependence Brings Execution, Regulatory and Talent Risks to the Fore
- RXO Plans $400 Million Senior Notes to Refinance Debt