C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is included among the 15 Best Consistent Dividend Stocks to Buy Right Now.
On March 27, BofA analyst Ken Hoexter lowered the firm’s price recommendation on C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) to $219 from $225. It reiterated a Buy rating on the shares. The firm made a slight cut to its Q1 North American Surface Transportation targets. It expects adjusted gross margin pressure, driven by an above-seasonal increase in truckload spot rates, the analyst said.
On the same day, Evercore ISI analyst Jonathan Chappell lowered the firm’s price goal on CHRW to $205 from $219 and maintained an Outperform rating. The analyst said recent data points, both macro and sector-specific, point to the end of the prolonged downturn. They also suggest a more meaningful EPS recovery could be ahead, he added in a note on the transports group.
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is a global logistics provider. The company reports across three segments: North American Surface Transportation (NAST), Global Forwarding, and All Other, and Corporate. The NAST segment handles transportation and logistics services across North America through a network of offices in the United States, Canada, and Mexico.
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