RXO (RXO) acquires Coyote Logistics from UPS (UPS) for approximately $1B
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
RXO, Inc. (RXO) PT Raised to $26 at Stifel
June 25, 2024 4:02 PM EDTStifel analyst J. Bruce Chen raised the price target on RXO, Inc. (NYSE: RXO) to $26.00 (from $19.00) while maintaining a Hold rating.
The analyst comments "On Sunday, RXO agreed to acquire UPS' (UPS, $134.66, Buy) Coyote Logistics Unit for about $1bn. We think it's an... More
RXO, Inc. (RXO) PT Raised to $30 at Jefferies
June 24, 2024 3:56 PM EDTJefferies analyst Stephanie Moore raised the price target on RXO, Inc. (NYSE: RXO) to $30.00 (from $25.00) while maintaining a Buy rating.
The analyst comments "This is a follow-up to our note published yesterday. Recall that we are positive on the deal on the... More
RXO to buy UPS’s Coyote Logistics for $1 billion, shares surge
June 24, 2024 5:56 AM EDTUnited Parcel Service (NYSE: UPS) announced Sunday it will sell its Coyote Logistics business unit to RXO (NYSE: RXO) for $1.025 billion.
RXO shares surged more than 14% in premarket trading Monday.
Per RXOs announcement, the deal... More
