Oppenheimer downgrades RXO rating; shares fall

Shares of freight logistics firm RXO Inc RXO.N fall 8.1% to $14.50 premarket

Oppenheimer lowers rating to "perform" from "outperform", withdraws PT of $25

"Considering increased economic uncertainty on top of an already soft trucking environment, we're incrementally cautious on RXO's volume trajectory" - brokerage

Five brokerages rate the stock "buy" or higher, 13 "hold" and three "sell" or lower; their median PT is $23 - data compiled by LSEG

As of last close, stock had fallen ~34% YTD