JPMorgan analyst Brian Ossenbeck raised the firm’s price target on C.H. Robinson (CHRW) to $121 from $118 and keeps an Overweight rating on the shares. The firm updated transportation and logistics estimates and price targets as part of a Q2 earnings preview. JPMorgan reduced estimates across the board, saying tariffs and trade policy uncertainty has persisted while spot truckload rates went down before bouncing back around the July 4 holiday.
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Read More on CHRW:
- C.H. Robinson price target lowered to $129 from $130 at UBS
- C.H. Robinson resumed with a Neutral at Baird
- C.H. Robinson upgraded to Outperform from Peer Perform at Wolfe Research
- C.H. Robinson price target raised to $120 from $115 at Susquehanna
- CH Robinson’s Strategic Positioning and Operational Improvements Drive Buy Rating Amid Market Challenges