Dahlman Rose Initiates Hold on C.H. Robinson Worldwide

Dahlman Rose initiates coverage on C.H. Robinson Worldwide

with a Hold rating. In a note to clients, Dahlman Rose writes, "The stock is currently trading at around 27x consensus FY11 earnings expectations of $2.72 and 26.7x our estimate of $2.75, which is higher than the 19-24x multiple range in which it has been trading over the past few years. However, we see few catalysts that would push the stock past its 52-week high and rate the shares a Hold. If the shares were to pullback from the current share price, we would be willing to re-evaluate our rating." CHRW is trading at $75.05.