Reported about 8 hours ago
QXO, Inc. (NYSE:QXO) experienced a significant increase of 13.43% on Friday, closing at $19 per share, driven by a bullish rating from Wolfe Research, which set a price target of $44—signifying a potential 131% upside. The firm praised QXO's strong EBITDA growth and its strategic acquisitions, notably its recent $11 billion acquisition of Beacon Roofing Supply, making it the largest distributor in its sector in the U.S.
Source: YAHOO