BMO Capital analyst Fadi Chamoun lowered the firm’s price target on C.H. Robinson to $85 from $90 and keeps a Market Perform rating on the shares. The company’s Q4 results were below expectations on weakness in Global Forwarding, and its management is placing greater emphasis on improving cost to serve through productivity improvement and scaling the company’s digital solutions, the analyst tells investors in a research note. C.H. Robinson’s cyclical pressures are well appreciated by investors, but more clarity is needed into how the company intends to underwrite growth, the firm adds.
Published first on TheFly
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