C.H. Robinson price target lowered to $94 from $102 at Loop Capital

Loop Capital lowered the firm’s price target on C.H. Robinson to $94 from $102 and keeps a Hold rating on the shares as part of a broader research note on Air Freight & Logistics sector. The the trajectory of consensus estimates for the company remains negative in the near-term, though at some point, top line weakness should be offset by expanding net revenue margins as the gap between sales and the cost of purchased capacity expands, the analyst tells investors in a research note.