UBS analyst Thomas Wadewitz upgraded C.H. Robinson to Buy from Neutral with a price target of $140, up from $100. C.H. Robinson’s operating improvement initiatives will likely drive upside to EPS and the stock price as it continues using technology tools to support gross margin expansion, and productivity programs to drive progress toward a 40% operating margin in its NAST business, the analyst tells investors in a research note. The firm anticipates margin progress in 2025 and is modeling a 37.5% margin even with only modest improvement in the cycle.
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