Keybanc has decided to maintain its Overweight rating of C.H. Robinson Worldwide CHRW and lower its price target from $135.00 to $120.00.
Shares of C.H. Robinson Worldwide are trading up 0.47% over the last 24 hours, at $88.58 per share.
A move to $120.00 would account for a 35.47% increase from the current share price.
About C.H. Robinson Worldwide
C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (57% of 2021 net revenue), which reflects mostly truck brokerage but also rail intermodal. Additionally, the firm also operates a large air and ocean forwarding division (34%), which has grown organically and via tuck-in acquisitions. The remainder of revenue consists of the European truck-brokerage division, transportation management services, and a legacy produce-sourcing operation.
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