Morgan Stanley analyst Christopher Snyder initiated coverage on QXO Inc. (NYSE:QXO) with a Buy rating and a $35 price target, highlighting the company’s potential for growth in a fragmented industry. Under Brad Jacobs’ leadership, QXO plans to scale towards over $50 billion in revenue by acquiring and improving businesses through technology adoption. Snyder believes the stock is undervalued compared to peers and presents a compelling entry point for investors. QXO Inc. is a distributor of roofing, waterproofing, and building products in the U.S., offering an attractive return profile. Consider investing in AI stocks with greater upside potential and less downside risk.

Read more at Yahoo Finance: Morgan Stanley Initiates Coverage on QXO (QXO) With Buy Rating and $35 Target