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Fly News Breaks for August 2, 2018
CHRW
Aug 2, 2018 | 09:09 EDT
KeyBanc analyst Todd Fowler raised his price target for C.H. Robinson to $105 from $100 to reflect Q2 upside and an improved Global Forwarding outlook, as well as expectations for normalizing net revenue margins going forward. The analyst continues to expect a cyclical recovery in net revenue margins, which, when combined with more closely managed operating expenses, may enhance operating leverage with intermediate-term earnings power of $5.50-$6.50. The analyst reiterates an Overweight rating on the shares.
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