Evaluating RXO's Potential: Analyst Highlights Company's Robust Balance Sheet and FCF Conversion Rate
Portfolio Pulse from Lekha Gupta
Susquehanna Financial Group analyst Bascome Majors initiated coverage on RXO Inc (NYSE:RXO) with a Neutral rating and a $20 price target. Majors praised RXO's growth during the pandemic, robust balance sheet, and healthy FCF conversion rate, which offers potential for share repurchases. The analyst expects RXO management to boost financials and investor credibility to sail through its first freight recession as a standalone company.
June 09, 2023 | 6:48 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Susquehanna analyst Bascome Majors initiated coverage on RXO Inc with a Neutral rating and a $20 price target, praising the company's growth, balance sheet, and FCF conversion rate.
The news of Susquehanna analyst initiating coverage on RXO Inc with a Neutral rating and a $20 price target is relevant and important for investors. The analyst's positive remarks on the company's growth, balance sheet, and FCF conversion rate could potentially influence investor sentiment. However, the Neutral rating suggests that the stock price may not see significant short-term movement, resulting in a score of 0.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100