As previously reported, Baird upgraded C.H. Robinson (CHRW) to Outperform from Neutral with a price target of $135, up from $105, following the company’s “impressive” Q2 earnings report. Management’s efforts to lower costs and increase operating efficiencies through automation “appear to be progressing rapidly,” putting C.H. Robinson in “a unique position” to accelerate market share gains and grow earnings, the analyst argues. The firm sees meaningful potential for multiple expansion as the company’s transformation progresses, the analyst added.
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Read More on CHRW:
- C.H. Robinson price target raised to $120 from $115 at Truist
- C.H. Robinson price target raised to $110 from $105 at BMO Capital
- C.H. Robinson upgraded to Outperform from Neutral at Baird
- C.H. Robinson price target raised to $116 from $112 at TD Cowen
- C.H. Robinson price target raised to $133 from $129 at UBS