C.H. Robinson price target lowered to $90 from $100 at Benchmark

Benchmark lowered the firm’s price target on C.H. Robinson to $90 from $100 and keeps a Buy rating on the shares. While the company reported Q4 adjusted EPS below Street estimates and the firm’s forecast as weak demand and continued high capacity continue to impact revenue and AGP results in NAST, the firm thinks the company is set up well to produce strong leverage once increases in volumes and revenue per load return given productivity improvements, the analyst tells investors.