Stifel Maintains Hold on RXO, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan has maintained a Hold rating on RXO (NYSE:RXO) and increased the price target from $20 to $22.
January 10, 2024 | 3:50 pm
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Stifel analyst J. Bruce Chan reaffirmed a Hold rating on RXO and raised the price target from $20 to $22, indicating a positive outlook on the stock's value.
The increase in price target by Stifel suggests a positive reassessment of RXO's value, which could lead to increased investor interest and a potential rise in the stock price in the short term. The Hold rating indicates that the analyst does not see significant upside or downside in the near future, but the raised target price is a bullish signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100