Truist Lowers PT on QXO, Inc. (QXO) to $28 From $30, Keeps a Buy Rating

Group 1 - QXO, Inc. (NYSE:QXO) is identified as a large-cap stock with more than 50% upside potential, despite a recent price target reduction from $30 to $28 by Truist analyst Keith Hughes [1][2] - The firm has updated its models due to recent weaknesses in roofing volume, attributing this to weaker new construction and a lack of strong storm activity [2] - There is an expectation of inventory reduction in the channel during the winter months, which may negatively impact production levels [2] Group 2 - QXO, Inc. specializes in distributing roofing, waterproofing, and complementary building products in the United States, with plans to become a tech-enabled player in the building products distribution industry [3]