C.H. Robinson upgraded to Buy from Hold at Stifel

Stifel upgraded C.H. Robinson (CHRW) to Buy from Hold with an unchanged price target of $113. The company reported “solid” Q4 results and the sequential profitability improvement against seasonally higher costs is positive within C.H.’s revamped operating model, the analyst tells investors in a research note. The firm sees a “further self-help runway ahead” for the company and margin expansion, even if the market “persists sideways for longer.” C.H. Robinson has been a show-me story, but at current valuation, the stock’s risk/reward is favorable enough to buy the stock, contends Stifel.