UBS Boosts C.H. Robinson (CHRW) Price Target on Favorable Freight Trends

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is included among the 10 Best Dividend Stocks to Buy According to D. E. Shaw.

UBS Boosts C.H. Robinson (CHRW) Price Target on Favorable Freight Trends

On June 1, UBS raised its price recommendation on C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) to $230 from $224. It reiterated a Buy rating on the stock. In a research note, the analyst said the higher target reflects stronger truckload spot rates and expected benefits from the Montgomery decision.

Earlier, on May 20, Jefferies upgraded CHRW to Buy from Hold. It also increased the firm’s price target to $200 from $195. Following a visit to the company’s headquarters, analyst Stephanie Moore said the trip “materially reinforced” the firm’s conviction in C.H. Robinson’s technology and productivity transformation. Moore also noted that the regulatory environment following the Montgomery Supreme Court decision structurally favors larger, scaled brokers. She added that the company’s balance sheet positions it as a “natural consolidator” within the industry. Based on those factors, Jefferies believes current share levels offer a “compelling entry point” for investors.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is a global transportation and logistics company. Its operations are organized into North American Surface Transportation (NAST), Global Forwarding, and All Other and Corporate segments.

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