BMO Capital analyst Fadi Chamoun raised the firm’s price target on C.H. Robinson (CHRW) to $110 from $105 and keeps a Market Perform rating on the shares. The company’s Q2 results were above expectations driven by stronger performance in Forwarding and efficiency gains, the analyst tells investors in a research note. Productivity improvement and the technology stack likely position C.H. Robinson for strong performance when the freight market recovers, BMO added.
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Read More on CHRW:
- C.H. Robinson upgraded to Outperform from Neutral at Baird
- C.H. Robinson price target raised to $116 from $112 at TD Cowen
- C.H. Robinson price target raised to $133 from $129 at UBS
- CH Robinson: Strong Earnings and Technological Advances Amid Trade Policy Uncertainties Justify Hold Rating
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