Citi analyst Ariel Rosa upgraded C.H. Robinson (CHRW) to Buy from Neutral with an unchanged price target of $199. The shares have underperformed peers on margin risk from higher truckload spot rates, the analyst tells investors in a research note. However, Citi says C.H. Robinson posted better than expected Q1 results with margin improvements. While the Supreme Court Montgomery decision “adds complexity,” it benefits scale, adds the firm.
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