C.H. Robinson price target lowered to $90 from $95 at Wells Fargo

Wells Fargo analyst Allison Poliniak-Cusic lowered the firm’s price target on C.H. Robinson to $90 from $95 and keeps an Underweight rating on the shares ahead of the Q1 earnings report. The environment is challenging, but there is likely more pain ahead as contract rates still need to normalize, the analyst tells investors in a research note.