Wells Fargo analyst Allison Poliniak-Cusic raised the firm’s price target on C.H. Robinson to $95 from $86 and keeps an Underweight rating on the shares. The environment decelerated with management focused on aligning its cost structure, the firm says. It further noted that it plans to accelerate its digital strategy and drive productivity. Wells remains a relative Underweight as near-term headwinds temper those benefits.
Published first on TheFly
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- C.H. Robinson sees 2023 capital expenditures $90M-$100M
- C.H. Robinson reports Q4 adjusted EPS $1.03, consensus $1.38
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