BMO Capital lowered the firm’s price target on C.H. Robinson (CHRW) to $105 from $113 and keeps a Market Perform rating on the shares. The company reported better-than-expected results as a strong performance in NAST segment – North American Surface Transportation – helped to offset Forwarding headwinds, though the firm is pushing back the timeline for a recovery of freight markets and contemplates a larger decline in Forwarding, the analyst tells investors in a research note.
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