A Wall Street analyst has expressed strong optimism for building products distributor QXO (NYSE: QXO), leading to a notable increase in investor interest. As of 10:30 a.m. ET, shares of QXO surged by 12% following Wolfe Research’s announcement of a target price that is over 150% higher than the previous closing price. This positive outlook has significantly impacted the stock’s performance, drawing attention from the market.
