RXO Stock Plunges 10.27% After Susquehanna Downgrade

RXO's stock price plummeted to a record low today, with an intraday decline of 10.27%.

Susquehanna recently adjusted their price target for RXO, lowering it from $18.00 to $13.00 and assigning a "negative" rating to the stock. This adjustment, made in a research report on March 27, 2025, is likely a significant factor contributing to the recent decline in RXO's stock price. The downgrade reflects a pessimistic outlook on the company's future performance, which has likely influenced investor sentiment and led to the sharp drop in the stock's value.