TD Cowen analyst Jason Seidl raised the firm’s price target on C.H. Robinson to $103 from $86 and keeps a Hold rating on the shares. The firm said results came in well above forecast and consensus expectations in Q2 as cost-cutting in both major business units show material sequential margin improvement.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHRW:
- CH Robinson Divests European Division to Sennder Technologies
- C.H. Robinson to sell EST business to sennder Technologies, terms undisclosed
- CHRW Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Crowdstrike, American Airlines downgraded: Wall Street’s top analyst calls
- C.H. Robinson upgraded to Buy from Underperform at BofA