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Wells Fargo Maintains Equal-Weight on RXO, Raises Price Target to $30

Benzinga Newsdesk
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  1. Jeremy Bowman

    Why C.H. Robinson Stock Was Sliding Again Today

    C.H. Robinson's stock fell 4.3% today following a 11% drop yesterday after announcing its acquisition of RXO for approximately $3 billion. Wall Street analysts Bank of America and Evercore lowered their price targets, citing concerns about capital dilution and deal timing, though both maintained buy-equivalent ratings. The company plans to suspend share buybacks and take on new debt to fund the acquisition, but expects the deal to be earnings accretive within nine months if it can achieve $300 million in synergies.

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