Loop Capital raised the firm’s price target on C.H. Robinson to $125 from $121 and keeps a Hold rating on the shares as part of a broader research note on Air Freight & Logistics names. The company has “arguably lost its way” in recent years and is trying something new – lean principles, with the new CEO its main practitioner and sponsor, the analyst tells investors in a research note. Ideally, in a couple of years, C.H. Robinson could be a materially more efficient organization, which might coincide nicely with improved and normalizing freight markets, the firm adds.
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