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Morgan Stanley Remains a Buy on QXO Inc (QXO)

Tipranks - Tipranks - Thu Jan 8, 7:44AM CST

In a report released today, Christopher Snyder from Morgan Stanley maintained a Buy rating on QXO Inc, with a price target of $35.00.

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Snyder covers the Industrials sector, focusing on stocks such as WW Grainger, QXO Inc, and Emerson Electric Company. According to TipRanks, Snyder has an average return of 10.2% and a 56.73% success rate on recommended stocks.

In addition to Morgan Stanley, QXO Inc also received a Buy from William Blair’s Ryan Merkel in a report issued on January 5. However, yesterday, TipRanks – OpenAI reiterated a Hold rating on QXO Inc (NYSE: QXO).

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Based on QXO Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.73 billion and a GAAP net loss of $139.4 million. In comparison, last year the company earned a revenue of $13.16 million and had a net profit of $17.13 million

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