QXO rated Overweight in new coverage at Morgan Stanley; sees $50B growth opportunity

1 week ago 1
Roof construction repairman on a residential apartment with new roof shingle being applied

photovs/iStock via Getty Images

Morgan Stanley on Tuesday initiated coverage of QXO (NYSE:QXO), a building products distributor led by serial dealmaker Brad Jacobs, with an Overweight rating, citing a massive consolidation opportunity in a fragmented $800 billion industry.

Christopher Snyder, research analyst at Morgan Stanley, opened

Recommended For You

More Trending News

Read Entire Article