RXO Inc. resumed with a Market Perform at Raymond James

Raymond James resumed coverage of RXO Inc. with a Market Perform rating and no price target. Although the truckload market inflection will take more time to develop given a “cloudy” demand environment and resilient supply base, RXO is one of the “great organic growth stories in transports driven by its proprietary in-house technology,” the analyst tells investors in a research note. That said, with the shares trading at a 10% premium to its most comparable brokerage peer on 2025 EBITDA estimates, the firm sees a balanced risk/reward setup.