C.H. Robinson price target lowered to $118 from $123 at Raymond James

Raymond James lowered the firm’s price target on C.H. Robinson (CHRW) to $118 from $123 and keeps an Outperform rating on the shares. Raymond James feels “palpable change” is underway at the company following the hiring of CEO Bozeman, ultimately bringing life to operating margins that have been on the decline for years, the analyst tells investors in a research note. The firm says valuation is compelling from “multiple” angles.