Sterne Agee reiterated its Buy rating on C.H. Robinson Worldwide CHRW and increased its price target from $66 to $75.
Sterne Agee said, "Although CHRW posted a modestly better-than-expected 3Q, there are clear signs that the truck brokerage business is becoming more profitable, with two recent acquisitions, a divestiture, and a new approach to capital structure to drive EPS growth. We are changing our view of the EPS prospects and attractiveness of the shares, and applaud management for recognizing their dilemma and using their balance sheet to solve it."
C.H. Robinson Worldwide closed at $60.98 on Tuesday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in