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Fly News Breaks for May 1, 2019
CHRW
May 1, 2019 | 06:09 EDT
As previously reported, UBS analyst Thomas Wadewitz downgraded C.H. Robinson to Neutral from Buy and lowered his price target to $83 from $99. The analyst notes that while the company beat on Q1 earnings, investors are likely to focus on the material decline in its truckload volume growth to -4% in April from +0.5% in Q1, which may be a reflection of "cyclical and secular competitive pressures."