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UPDATE: Stifel Nicolaus Downgrades C.H. Robinson Worldwide to Sell on Valuation

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Related CHRW
Top Performing Industries For July 29, 2015
Earnings Scheduled For July 28, 2015

Stifel Nicolaus downgraded C.H. Robinson Worldwide (NASDAQ: CHRW) from Hold to Sell.

Stifel Nicolaus commented, "We are downgrading the common shares of C.H. Robinson from Hold to Sell as they appear overvalued, in our view. … We believe that the company will continue to suffer from the law of large numbers and post unimpressive (<10% per year) year-over-year EPS growth versus the company's target EPS growth of 15% per year. We also believe that the company's truckload brokerage business has come under modest margin pressure in recent quarters as a result of the relative balance that has, of late, existed between supply and demand within the truckload sector."

C.H. Robinson Worldwide closed at $65.35 on Tuesday.

Latest Ratings for CHRW

DateFirmActionFromTo
Aug 2015Evercore ISIInitiates Coverage onBuy
Jul 2015BarclaysMaintainsOverweight
Jul 2015BarclaysMaintainsOverweight

View More Analyst Ratings for CHRW
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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