BofA lowered the firm’s price target on C.H. Robinson to $68 from $70 and keeps an Underperform rating on the shares. The firm lowered its Q1 trucking-related EPS estimates 5% on average, at truckload, less-than-truckload, truck brokerage, and airfreight carriers in its coverage, citing demand, rate, and margin pressure from the elongated freight downcycle.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHRW:
- Early notable gainers among liquid option names on April 11th
- C.H. Robinson upgraded to Peer Perform from Underperform at Wolfe Research
- C.H. Robinson price target lowered to $70 from $75 at JPMorgan
- Truck stocks under pressure as Barclays gets more bearish on the space
- Crocs initiated, Bill downgraded: Wall Street’s top analyst calls
Questions or Comments about the article? Write to editor@tipranks.com