C.H. Robinson price target raised to $97 from $92 at Stifel

Stifel raised the firm’s price target on C.H. Robinson to $97 from $92 and keeps a Hold rating on the shares. The company’s Q1 EPS fell short of the Street and the firm’s estimate, the analyst tells investors. While the company is taking steps to pare expenses in a soft market, Stifel believes it requires significant changes to its operating cost structure to unlock value. The firm believes the company has "good guts, strong talent, and unmatched scale, but it needs to get its swagger back," a process that will require strong leadership.