RXO Inc. price target raised to $23 from $20 at Wells Fargo

Wells Fargo analyst Allison Poliniak-Cusic raised the firm’s price target on RXO Inc. to $23 from $20 and keeps an Equal Weight rating on the shares. RXO’s FY24 is off to a challenging start given weather in January, which is likely a good thing, the analyst tells investors in a research note.