Truist initiated coverage of RXO Inc. (RXO) with a Buy rating and $24 price target The company is positioned to benefit from reduced purchased transportation costs following its acquisition of Coyote, the analyst tells investors in a research note. Truist believes a return to a stable freight market, along with savings and synergies from the Coyote deal can lead to adjusted EBITDA reaching over $500M versus the consensus estimate of $370M in 2027.
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Read More on RXO:
- RXO Inc. initiated with a Hold at Deutsche Bank
- Knight-Swift initiated with a Buy at Benchmark amid signs of freight improvement
- RXO Inc. price target lowered to $21 from $25 at TD Cowen
- RXO Inc. price target lowered to $25 from $31 at Oppenheimer
- Cautious Hold Recommendation for RXO, Inc. Amidst Mixed Performance and Future Challenges