Citi raised the firm’s price target on C.H. Robinson (CHRW) to $118 from $116 and keeps a Buy rating on the shares. The firm sees balanced risk/rewards for transport stocks heading into the Q2 reports due macro uncertainty and a “still-soft” demand backdrop. Citi is “less enthusiastic” on the sector relative to three months ago due to the recent rally in the shares.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHRW:
- C.H. Robinson price target raised to $121 from $118 at JPMorgan
- C.H. Robinson price target lowered to $129 from $130 at UBS
- C.H. Robinson resumed with a Neutral at Baird
- C.H. Robinson upgraded to Outperform from Peer Perform at Wolfe Research
- C.H. Robinson price target raised to $120 from $115 at Susquehanna