Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on CH Robinson Worldwide

Share:
Related CHRW
A Peek Into The Markets: U.S. Stock Futures Signal Higher Start On Wall Street
10 Stocks That Rallied Four Days, Then Sold Off Yesterday
10 Dividend Increases: December 5-9, 2016 (Seeking Alpha)

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on CH Robinson Worldwide (NASDAQ: CHRW), and raised its price target from $60.00 to $66.00.

Jefferies noted, “CHRW reported 3Q EPS that was a little light vs. buyside expectations that had been creeping higher in recent weeks. Gross yields improved sequentially (15.0% in 3Q vs. 14.4% in 2Q), although we think this was broadly anticipated following 3Q reports out of the TL carriers. Overall, the report was good but we saw little to attract the incremental buyer. Raise PT to $66 (from $60), but reiterate Hold.”

CH Robinson Worldwide closed on Tuesday at $60.98.

Latest Ratings for CHRW

DateFirmActionFromTo
Nov 2016KeyBancMaintainsOverweight
Nov 2016Stifel NicolausDowngradesBuyHold
Nov 2016Deutsche BankInitiates Coverage OnHold

View More Analyst Ratings for CHRW
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (CHRW)

View Comments and Join the Discussion!