Raymond James analyst David Hicks upgraded C.H. Robinson (CHRW) to Outperform from Market Perform with a $123 price target tTe last year has shown that “real, sticky operational changes are being made” under the leadership of the CEO Bozeman, the analyst tells investors in a research note. The firm says that after a sizeable pullback in the shares post the analyst day, which it came away from incrementally more positive, the shares appear to be trading at a significant discount to peers. It views the shares as undervalued.
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