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QXO shares fall as RBC Capital lowers price target

The Motley Fool +1 ·

QXO
QXO QXO Inc
$11.31 -6.61%
View chart & analysis →
GXO GXO -0.88%
  1. 1QXO shares fell by as much as 11.1% on Wednesday.
  2. 2RBC Capital lowered its previous price target of $27 to $18.
  3. 3A recent channel check revealed weak third-quarter performance in the residential roofing business.

So what's the key point?

QXO shares dropped significantly following news of poor performance in the roofing business. RBC Capital lowered its price target for the stock to $18.

Source The Motley Fool +1 · View original ↗

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