BMO Capital analyst Fadi Chamoun raised the firm’s price target on C.H. Robinson (CHRW) to $118 from $115 and keeps a Market Perform rating on the shares after its Investor Day presentation. The company’s forecast of EBIT growth was above consensus and the firm’s prior expectations, with “self-help opportunities” of market share gain, gross margin expansion, and cost reduction underpinning a large part of the outlook, the analyst tells investors in a research note. C.H. Robinson’s rcent results are encouraging and the opportunity set is large, which should support a recovery in profitability, BMO added.
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