Reported 1 day ago
Raymond James has initiated coverage of QXO, Inc. (NYSE:QXO) with a Buy rating and a $28 price target. Analyst Sam Darkatsh views QXO, which recently acquired Beacon Roofing Supply for $11 billion, as an appealing investment opportunity, despite some execution risks that could affect its growth plans. The company distributes roofing and building products and employs technology to aid inventory and customer service management.
Source: YAHOO