C.H. Robinson price target lowered to $90 from $97 at Stifel

Stifel analyst J. Bruce Chan lowered the firm’s price target on C.H. Robinson to $90 from $97 and keeps a Hold rating on the shares. While Stifel expects good results from European forwarders in Q2, the firm is more cautious on US names, the analyst tells investors. For Europeans, Stifel expects resilience in yields despite sluggish volumes, while US freight forwarders face greater headwinds from more challenging comparables, the firm says.