Benchmark analyst Christopher Kuhn lowered the firm’s price target on C.H. Robinson to $100 from $108 and keeps a Buy rating on the shares, citing the view that a recovery in the freight market will likely be pushed out to 2024. After having had an opportunity to speak with new CEO Dave Bozeman last week, the firm said “as one would expect, he is enthusiastic about CHRW‘s prospects,” but also notes “no financial targets or KPI’s were given.”
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