BofA lowered the firm’s price target on C.H. Robinson (CHRW) to $119 from $122 and keeps a Buy rating on the shares. The firm lowered its Q1, 2025, and 2026 EPS estimates 3%, 2%, and 2%, respectively, citing slightly weaker adjusted gross profit forecasts in the Global Forwarding segment due to softening air and ocean rates.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHRW:
- C.H. Robinson: Buy Rating Affirmed on Margin Growth and Strategic Initiatives
- C.H. Robinson price target lowered to $117 from $127 at Susquehanna
- C.H. Robinson initiated with a Buy at Truist
- C.H. Robinson initiated with a Buy at Deutsche Bank
- Knight-Swift initiated with a Buy at Benchmark amid signs of freight improvement
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue