Jefferies analyst Stephanie Moore upgraded C.H. Robinson (CHRW) to Buy from Hold with a price target of $200, up from $195. A visit to the company’s headquarters “materially reinforced” the firm’s convection in C.H. Robinson’s technology and productivity transformation. In addition, the post-Montgomery Supreme Court decision regulatory environment structurally favors scaled brokers while the company’s balance sheet positions it as a “natural consolidator,” the analyst tells investors in a research note. Jefferies sees a “compelling entry point” at current share levels.
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