On Wednesday, leading investment bank Oppenheimer $OPY initiated coverage of QXO $QXO stock, assigning an “Outperform” rating with a target price of $27 per share. This initiation follows QXO's recent completion of a foundational acquisition — the purchase of Beacon Roofing Supply $BECN, a key player in North American building materials distribution. The move underscores QXO’s strategic ambition to consolidate its position and ultimately target $50 billion in revenue within the construction supply sector.