Barclays upgraded C.H. Robinson (CHRW) to Equal Weight from Underweight with a price target of $130, up from $95. The firm trimmed estimates for the transports group into the Q3 reports citing “weak” industrial growth and continued oversupply. However, the upgrade of C.H. Robinson reflect the company’s artificial intelligence-enabled efficiency gains in a soft market, the analyst tells investors in a research note.
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