RXO Inc. initiated with a Buy at Jefferies

Jefferies analyst Stephanie Moore initiated coverage of RXO Inc. with a Buy rating and $25 price target. With the shares trading at a three-times discount to its peers, they offer a "compelling opportunity to Buy the best-in-class truck broker," Moore tells investors in a research note. The analyst says RXO has a proven track record of above-market growth and an above-peer margin profile, which can be attributed to its "leading" digital platform. Further, the company’s asset-light model is attractive in a weaker macro environment, contends Moore.