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

Related CHRW
Earnings Scheduled For October 27, 2015
Benzinga's Top Upgrades

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

Oct 2015SusquehannaMaintainsNeutral
Sep 2015BB&T CapitalUpgradesHoldBuy
Sep 2015WolfeUpgradesOutperform

View More Analyst Ratings for CHRW
View the Latest Analyst Ratings

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


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