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Fly News Breaks for February 11, 2016
CHRW
Feb 11, 2016 | 09:18 EDT
As noted earlier, Buckingham upgraded C.H.Robinson to Buy from Neutral. The firm thinks the company's asset light model and relatively high level of committed business will enable it to deliver healthy EPS growth this year. Additionally, the firm thinks the company's shareholder-friendly use of capital will cause its multiple to expand. Buckingham says the stock can reach $85 in a best case scenario and $65 in a worst case scenario. Target to $80 from $63.
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