Stocks · News reference
Shares of logistics and freight-related companies are trading lower after C.H. Robinson announced it will acquire RXO at an implied value of $5.8 billion, which may lead to more competition and lower margins for freight operators. Also, high diesel prices continue to weigh on the sector with the Trump administration slow to set policy to address the U.S. distillates shortage.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Citigroup Maintains Buy on ArcBest, Lowers Price Target to $170
Citigroup analyst Ariel Rosa maintains ArcBest (NASDAQ:ARCB) with a Buy and lowers the price target from $173 to $170.
Truist Securities Maintains Buy on ArcBest, Lowers Price Target to $160
Truist Securities analyst Lucas Servera maintains ArcBest (NASDAQ:ARCB) with a Buy and lowers the price target from $165 to $160.
This Salesforce Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday
Analysts upgraded Hub Group, Hexcel, T-Mobile, First Solar and Salesforce, raising price targets for FSLR and CRM.
Baird Upgrades Hub Group to Outperform, Maintains Price Target to $29
Baird analyst Daniel Moore upgrades Hub Group (NASDAQ:HUBG) from Neutral to Outperform and maintains the price target from $29 to $29.
Wells Fargo Maintains Equal-Weight on Hub Group, Lowers Price Target to $28