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Fly News Breaks for April 13, 2017
CHRW
Apr 13, 2017 | 09:08 EDT
Vertical Research analyst Brian Konigsberg initiated C.H. Robinson with a Sell and a $71 price target. The analyst said his work indicates we are at or near a truckload utilization trough, which history suggests should favor positioning in asset-light companies. However, valuation upside since year-end, a pick up in deal activity and a transitioning competitive landscape in the asset-light arena, leads him to reshuffle a bit. Konigsberg recommends companies with special situations and unrealized earnings power that is set to be "unleashed."
News For CHRW From the Last 2 Days
CHRW
Mar 27, 2024 | 05:23 EDT
Exane BNP Paribas downgraded C.H. Robinson to Neutral from Outperform with a $76 price target.