TD Cowen raised the firm’s price target on C.H. Robinson (CHRW) to $138 from $115 and keeps a Hold rating on the shares. The firm said results came in above its forecast and consensus in 3Q driven by an OR beat despite 9% tonnage declines. Double-digit tonnage declines to begin the quarter bring down expectations in Q4 as the LTL market continues to face steep declines in industrial demand.
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