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Fly News Breaks for January 30, 2020
CHRW
Jan 30, 2020 | 08:46 EDT
Credit Suisse analyst Allison Landry lowered her price target for C.H. Robinson to $57 from $73, while maintaining an Underperform rating on the shares as she continues to see significant downside risk in the stock. Despite productivity gains at NAST in the form of headcount growth that was less than volume growth, this was overwhelmed by cost inflation related to tech investment and an acceleration in growth/cost savings initiatives, Landry contends.
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