On Nov 12, major Wall Street analysts update their ratings for $RXO Inc (RXO.US)$, with price targets ranging from $12 to $33.
Citi analyst Ariel Rosa downgrades to a hold rating, and maintains the target price at $33.
Barclays analyst Brandon Oglenski maintains with a buy rating, and maintains the target price at $32.
Wells Fargo analyst Christian Wetherbee initiates coverage with a hold rating, and sets the target price at $31.
SIG analyst Bascome Majors maintains with a sell rating, and adjusts the target price from $16 to $12.
Furthermore, according to the comprehensive report, the opinions of $RXO Inc (RXO.US)$'s main analysts recently are as follows:
Although RXO Inc.'s acquisition of Coyote has enhanced its scale and capabilities within the freight brokerage sector, it is believed that the anticipated benefits of increased size, scale, and market presence among carriers and shippers have already been accounted for by investors. The stance is one of watchfulness, with expectations for the company's management to show further advancements in synergies and consistent free cash flow generation.
The initiation of coverage on RXO Inc. acknowledges the potential value creation from the Coyote acquisition. However, there are concerns about persistent estimate risks and the observation that brokerage performance typically improves after the initial cycle turn, which could be approaching. A prevalent issue within the Transports sector is the tendency for inflated consensus estimates, and it is believed that RXO may share this risk.
Here are the latest investment ratings and price targets for $RXO Inc (RXO.US)$ from 4 analysts:
Note:
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