Truist raised the firm’s price target on C.H. Robinson (CHRW) to $120 from $115 and keeps a Buy rating on the shares. The company reported a “solid” Q2 earnings beat and the stock remains one of the firm’s favorite ways to play the prolonged freight recession, the analyst tells investors in a research note. The company is expanding margins and lowering costs without needing volume recovery, the firm added.
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Read More on CHRW:
- C.H. Robinson price target raised to $110 from $105 at BMO Capital
- C.H. Robinson upgraded to Outperform from Neutral at Baird
- C.H. Robinson price target raised to $116 from $112 at TD Cowen
- C.H. Robinson price target raised to $133 from $129 at UBS
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