Susquehanna Upgrades RXO to Neutral from Negative
Fintel reports that on September 23, 2026, Susquehanna upgraded their outlook for RXO (NYSE:RXO) (DB:N9Q) from Negative to Neutral. This rating action follows a prior action on July 14, 2026, when Susquehanna maintained its Negative rating on the stock. In other recent analyst activity, Wells Fargo maintained its Equal-Weight rating on RXO on September 9, 2026.
Prior to this upgrade, RXO closed at $19.79 on September 22, 2026. The company's stock price has experienced a one-week price change of +1.12% from a baseline close of $19.57 on September 15, 2026. Over a longer timeframe, the stock has seen a one-month price change of -12.20% from a baseline close of $22.54 on August 21, 2026.
In its latest earnings report on August 6, 2026, RXO reported an actual EPS of 0.06, which exceeded the estimated EPS of 0.0303, representing an earnings surprise of +98.02%. The company reported actual revenue of $1,774,000,000.00 for the period, compared to the estimated revenue of $1,618,809,749.00.
As of September 15, 2026, the current consensus target mean for RXO stands at $25.31, with a median target of $23.46. This mean target represents an implied change of +27.89% from previous levels. The prior consensus target mean was $24.77 as of August 28, 2026, reflecting a consensus target revision of +2.18%.
The aggregate analyst recommendations for RXO have also shifted. As of September 1, 2026, the current recommendation period shows a total of 25 recommendations, consisting of 4 strong buy, 6 buy, 12 hold, 3 sell, and 0 strong sell ratings. This breakdown translates to 40.0% positive, 48.0% hold, and 12.0% negative recommendations. In comparison, the prior recommendation period as of August 1, 2026, recorded a total of 24 recommendations, including 4 strong buy, 5 buy, 12 hold, 3 sell, and 0 strong sell ratings, which represented 37.5% positive, 50.0% hold, and 12.5% negative recommendations.
RXO, Inc., based in the United States, operates primarily in the transportation and logistics industry, focusing on delivering asset-light transportation solutions. The company, a spin-off from XPO Logistics, specializes in harnessing proprietary technology to offer truck brokerage and less-than-truckload shipping services. RXO efficiently manages a vast network that includes over 80,000 independent carriers, providing a flexible and scalable service model that addresses complex supply chain needs. Key initiatives have centered on expanding its digital platform, RXO Drive, designed to enhance connectivity and efficiency in freight management by streamlining operations and improving real-time tracking capabilities.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 23, 2026 | Susquehanna | Negative | Neutral | upgrade |
| September 9, 2026 | Wells Fargo | Equal-Weight | Equal-Weight | maintained |
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This story originally appeared on Fintel.