Oppenheimer downgrades RXO rating; shares fall

RXO

04/04/2025 14:01

** Shares of freight logistics firm RXO Inc RXO.N fall 8.1% to $14.50 premarket

** Oppenheimer lowers rating to "perform" from "outperform", withdraws PT of $25

** "Considering increased economic uncertainty on top of an already soft trucking environment, we're incrementally cautious on RXO's volume trajectory" - brokerage

** Five brokerages rate the stock "buy" or higher, 13 "hold" and three "sell" or lower; their median PT is $23 - data compiled by LSEG

** As of last close, stock had fallen ~34% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))