C.H. Robinson price target raised to $85 from $75 at Barclays

Barclays raised the firm’s price target on C.H. Robinson (CHRW) to $85 from $75 and keeps an Underweight rating on the shares. The company reported another solid quarter of cost control coupled with outsized ocean freight forwarding growth, which brought a material Q3 beat, the analyst tells investors in a research note. The firm expects management will provide even greater long-term productivity targets at the upcoming analyst meeting.