BofA lowered the firm’s price target on RXO Inc. (RXO) to $16 from $18 and keeps a Neutral rating on the shares after the company reported Q3 results and issued a Q4 EBITDA target significantly below BofA and the Street’s forecast. Following the report and guidance, the firm lowered its FY26 and FY27 EPS estimates by 61% and 39%, respectively.
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