RXO Stock Plunges 10.59% Amid Analyst Downgrades

On April 4, 2025, RXO's stock experienced a significant drop of 10.59% in pre-market trading, reflecting the challenges the company is currently facing.

Analysts have been downgrading RXO's stock, citing economic concerns and a challenging market environment. Oppenheimer, for instance, adjusted its outlook on RXO, downgrading the company's stock from "Outperform" to "Perform." Susquehanna also reduced its price target on RXO from $18.00 to $13.00 and set a "negative" rating on the stock.

RXO's stock has been under pressure due to significant analyst downgrades and price target reductions. The company's shares have stumbled to a 52-week low, trading at $17.17 as it grapples with a challenging market environment. The logistics company is also involved in a legal case that could set a precedent for broker liability in theft or accident situations.