TD Cowen raises RXO's PT on strengthening pricing trends

RXO

08/05/2026 11:06

** TD Cowen lifts price target on transportation broker firm RXO RXO.N to $21 from $14, maintains "hold" rating

** New PT implies a 9.1% downside from the stock's last close

** RXO on Thursday beat first-quarter Wall Street revenue estimates on stronger less-than-truckload volumes

** Brokerage says contractual rate increases should incrementally benefit firm's results in the second half

** April trends show further pricing strength, driven by higher revenue per load, improving gross profit per load, and a rising spot mix, reinforcing momentum into Q2 - TD Cowen

** Four of 20 brokerages rate the stock "buy" or higher, fourteen "hold" and two "sell"; their median PT is $21 - data compiled by LSEG

** As of last close, stock had risen 82.8% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))