C.H. Robinson price target lowered to $90 from $100 at Barclays

Barclays analyst Brandon Oglenski lowered the firm’s price target on C.H. Robinson (CHRW) to $90 from $100 and keeps an Underweight rating on the shares. The company reported another good quarter, highlighted by continued cost improvement despite contraction in core truckload volumes, the analyst tells investors in a research note. The firm says that while C.H. Robinson is in a much better position to weather a reduction in trans-Pacific trade than pre-pandemic, it views the U.S.-China trade dispute as a material headwind for the company.