BofA and Evercore ISI Cut C.H. Robinson (CHRW) Targets, See Margin Pressure but Recovery Ahead

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is included among the 15 Best Consistent Dividend Stocks to Buy Right Now.

BofA and Evercore ISI Cut C.H. Robinson (CHRW) Targets, See Margin Pressure but Recovery Ahead

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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