JPMorgan analyst Brian Ossenbeck downgraded C.H. Robinson to Underweight from Neutral with an unchanged price target of $87. The stock continued to rally after a "very challenging" quarter and there is downside risk to 2023 consensus estimates, the analyst tells investors in a research note. This skews C.H. Robinson’s risk/reward negatively, even if ascribing a prior peak multiple on trough earnings, the firm contends.
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Published first on TheFly
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Read More on CHRW:
- C.H. Robinson downgraded to Underweight from Neutral at JPMorgan
- C.H. Robinson price target lowered to $100 from $107 at Deutsche Bank
- Stifel downgrades C.H. Robinson to Hold after ‘sizable miss’
- C.H. Robinson downgraded to Hold from Buy at Stifel
- C.H. Robinson price target lowered to $85 from $90 at BMO Capital