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UPDATE: Citigroup Reiterates on C.H. Robinson Worldwide Following Investor Meeting

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Top Performing Industries For July 29, 2015
Earnings Scheduled For July 28, 2015
Is CH Robinson Worldwide (CHRW) Stock A Great Combo of Value and Growth? (Zacks)

In a report published Wednesday, Citigroup analyst Christian Wetherbee reiterated a Neutral rating on C.H. Robinson Worldwide (NASDAQ: CHRW), but lowered the price target from $60.00 to $57.00.

In the report, Citigroup noted, “CH Robinson hosted its first investor meeting in 13 years Tuesday and we came away struck that management did not answer arguably the most important question facing them. It assumes that net revenue margins will stabilize over the 3-5 year projected period, but did not provide a reason why other than a look at previous cycles. While we do not necessarily believe it's possible for management to accurately predict, we would prefer to have heard a more compelling argument, and believe skepticism about growth targets may persist as a result. That said, we believe the company is trying to grow in a challenging market and the lowered guidance is more achievable in an environment of continued margin pressure. We continue to expect multiple compression to play out slowly, which coupled with a modest reacceleration of earnings growth post-2013 yields a largely neutral outlook.”

C.H. Robinson Worldwide closed on Tuesday at $58.53.

Latest Ratings for CHRW

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

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Posted-In: Christian Wetherbee CitigroupAnalyst Color Price Target Analyst Ratings

 

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