JPMorgan analyst Brian Ossenbeck upgraded C.H. Robinson to Neutral from Underweight with a price target of $87, up from $76. The company’s execution should continue improving based on process improvements alone with the potential to help Robinson also navigate through the freight cycle more effectively, the analyst tells investors in a research note. The firm also believes C.H. Robinson should benefit from a modest amount of industry consolidation as freight tech startups have been sold, repurposed, or otherwise shut down.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHRW:
- C.H. Robinson price target raised to $88 from $80 at Baird
- C.H. Robinson upgraded to Outperform from In Line at Evercore ISI
- CH Robinson Names New Chief Strategy and Innovation Officer
- C.H. Robinson unveils Chief Strategy and Innovation Officer role
- Triumph Financial price target raised to $75 from $68 at Keefe Bruyette