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UPDATE: Deutsche Bank Reinstated Coverage of C.H. Robinson Worldwide Upgrading to Buy, Raised PT

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

Deutsche Bank has reinstated coverage of C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) upgrading from Hold to Buy, and raised price target from $58 to $72.

Deutsche Bank noted, "While our 2012 EPS estimate of $2.79 remains unchanged, we have adjusted our 2013 EPS estimate to $3.16, from $3.24 to reflect CHRW's acquisitions of Phoenix International and Apreo Logistics, its divestiture of T-Check, and our revised truck gross profit estimates. CH RW is Buy-rated as we see a favorable risk/reward given re-accelerating earnings growth and limited downside risk. Our $72 price target is derived by applying a 21.5x P/E multiple on our new 2014 EPS estimate of $3.64 discounte d by 8%. Downside risks include integration risk, worse-than-expected transportation net revenue margins, declining employee productivity levels , and reduced carrier availability."

C.H. Robinson Worldwide closed at $61.50 on Thursday.

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: Deutsche BankAnalyst Color Upgrades Analyst Ratings


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