C.H. Robinson price target lowered to $100 from $110 at Jefferies

Jefferies lowered the firm’s price target on C.H. Robinson (CHRW) to $100 from $110 and keeps a Hold rating on the shares. While truckload demand and volumes will likely be a continued soft spot in Q1, the firm is encouraged by the relative resilience in tender rejection rates and load-to-truck ratios, the analyst tells investors in a preview for the group. Pointing to these facts as a sign that supply-demand equilibrium is closer today than it was in 2023-24, the firm would expect spot rates to rise in the months ahead, the analyst added.