BMO Capital Maintains Market Perform on C.H. Robinson Worldwide, Lowers Price Target to $160
BMO Capital analyst Fadi Chamoun maintains C.H. Robinson Worldwide (NASDAQ:CHRW) with a Market Perform and lowers the price target from $190 to $160.
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Shares of logistics and freight-related companies are trading lower. SAIA said on its Q2 conference call that rising fuel costs and wages are impacting expenses. C.H. Robinson reported an 81% year-over-year decrease in Q2 cash from operations.
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Truist Securities Maintains Buy on C.H. Robinson Worldwide, Lowers Price Target to $200
Truist Securities analyst Lucas Servera maintains C.H. Robinson Worldwide (NASDAQ:CHRW) with a Buy and lowers the price target from $215 to $200.
Why C.H. Robinson Stock Was Sliding Again Today
C.H. Robinson's stock fell 4.3% today following a 11% drop yesterday after announcing its acquisition of RXO for approximately $3 billion. Wall Street analysts Bank of America and Evercore lowered their price targets, citing concerns about capital dilution and deal timing, though both maintained buy-equivalent ratings. The company plans to suspend share buybacks and take on new debt to fund the acquisition, but expects the deal to be earnings accretive within nine months if it can achieve $300 million in synergies.
C.H. Robinson Worldwide shares are trading lower after Evercore ISI Group lowered its price target on the stock from $237 to $217.
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Ryder Boosts Its Northeast Network With Two New Used Truck Services
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