---
title: "BMO starts RXO at outperform with $35 target, citing tighter truckload market"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292624451.md"
description: "BMO Capital Markets initiated coverage of RXO with an 'outperform' rating and a $35 price target, citing a tightening truckload market. Analyst Fadi Chamoun highlighted an 80% year-to-date increase in truckload brokerage volumes and improved productivity. BMO forecasts peak adjusted EBITDA of $600 million by end-2028, significantly exceeding consensus estimates. The stock has risen 114% in 2026."
datetime: "2026-07-14T12:16:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292624451.md)
  - [en](https://longbridge.com/en/news/292624451.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292624451.md)
generator: "portal-rs"
---

# BMO starts RXO at outperform with $35 target, citing tighter truckload market

According to CNBC, BMO Capital Markets initiated coverage of RXO at outperform and set a $35 price target, implying 29% upside from Monday’s close, as it expects a tightening truckload market to lift the transportation and technology firm’s earnings. Analyst Fadi Chamoun said RXO’s truckload brokerage volumes are up about 80% this year and productivity has improved roughly 40% on a two-year stack, and he expects the company to reach about $600 million in peak adjusted EBITDA by the end of 2028, more than double the $292 million consensus forecast. RXO is slated to report second-quarter earnings in early August, and shares have risen 114% in 2026; LSEG data shows 11 of 18 analysts rate the stock hold.

### Related Stocks

- [RXO.US](https://longbridge.com/en/quote/RXO.US.md)
- [BMO.US](https://longbridge.com/en/quote/BMO.US.md)
- [LSEG.UK](https://longbridge.com/en/quote/LSEG.UK.md)

## Related News & Research

- [RXO (RXO) Is Up 7.2% After Strong Brokerage Growth Narrows Losses - Has The Bull Case Changed?](https://longbridge.com/en/news/295373080.md)
- [BMO Capital Markets Upgrades Exelixis (NASDAQ:EXEL) to "Hold"](https://longbridge.com/en/news/296478537.md)
- [Is Bank Of Montreal (TSX:BMO) Undervalued Following Analyst Updates And New Bond ETNs?](https://longbridge.com/en/news/296685379.md)
- [BMO reorganizes international capital markets business, memo shows](https://longbridge.com/en/news/296521901.md)
- [BMO Capital Keeps Their Buy Rating on JB Hunt (JBHT)](https://longbridge.com/en/news/296348584.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**