C.H. Robinson price target raised to $196 from $175 at Evercore ISI

Evercore ISI raised the firm’s price target on C.H. Robinson (CHRW) to $196 from $175 and keeps an Outperform rating on the shares. The firm believes the bull case for EPS growth over the next two years is largely priced into most Transport stocks after the group has run on heavy sector rotation and early-cycle excitement. On the other hand, emerging demand risks that could push a true recovery further to the right have an exacerbated impact on lowering EPS forecasts while also resulting in multiple compression, the analyst tells investors in a research note.