JPMorgan raised the firm’s price target on C.H. Robinson (CHRW) to $155 from $126 and keeps an Overweight rating on the shares. The firm updated transport and logistic estimates and price targets ahead of the Q3 reports. JPMorgan lowered estimates across the board, saying tariffs and trade policy uncertainty persisted while spot truckload rates remain subdued.
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 downgraded to Neutral from Buy at Citi
- C.H. Robinson price target raised to $166 from $133 at UBS
- Nike upgraded, RH downgraded: Wall Street’s top analyst calls
- C.H. Robinson upgraded to Equal Weight from Underweight at Barclays
- C.H. Robinson price target raised to $159 from $124 at Deutsche Bank
