Stephens analyst Reed Seay upgraded C.H. Robinson (CHRW) to Overweight from Equal Weight with a price target of $173, up from $135, after the company reported a “solid” Q3 adjusted EPS beat as productivity gains continued. The firm, which views Q3 as providing another proof point that the operating model can drive growth without adding headcount, believes that C.H. Robinson’s scale and first mover advantage will allow for continued productivity and share gains.
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