Evercore ISI upgraded C.H. Robinson to Outperform from In Line with a price target of $99, up from $82. In addition to upward estimate revisions for Q2, FY24 and FY25, attributable to expected upside in NAST average gross profit due to the company’s capacity purchasing efficiencies, the firm contends that sentiment around the “long out-of-favor stock” should continue to turn if core NAST upside proves to be more structural in nature.
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