RXO (RXO) acquires Coyote Logistics from UPS (UPS) for approximately $1B
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June 25, 2024 4:02 PM EDT
Stifel 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
June 24, 2024 3:56 PM EDT
Jefferies 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
June 24, 2024 5:56 AM EDT
United 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
