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Fly News Breaks for May 3, 2018
CHRW
May 3, 2018 | 08:50 EDT
Credit Suisse analyst Allison Landry lowered her price target for C.H. Robinson to $80 from $90 as the lack of operating leverage in what should be the optimal freight environment for a broker represents another data point that supports her thesis that there has been a structural shift in the business model, whereby its ability to generate operating leverage off of net revenue growth might be permanently impaired. The analyst reiterates an Underperform rating on the shares.
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