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Fly News Breaks for May 3, 2018
CHRW
May 3, 2018 | 09:03 EDT
Cowen analyst Jason Seidl noted C.H. Robinson would have missed consensus on earnings had it not been for a favorable tax rate and cited Global Forwarding as the primary reason for the miss. He said revenue, EBIT and EBIT margin were all solid and he thinks the core business improves in coming quarters. Seidl reiterated his Outperform rating and raised his price target to $103 from $99 on C. H. Robinson shares.
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