Stephens analyst Daniel Imbro raised the firm’s price target on RXO Inc. to $25 from $22 and keeps an Equal Weight rating on the shares. The firm, which is updating estimates for the truckload and brokerage space ahead of Q2 earnings, notes that the market remained weak for much of the quarter, but adds that June showed some seasonality.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RXO: