Citigroup upgrades C.H. Robinson to 'buy' as freight market conditions improve
08/09/2026 12:05
BUZZ-Citigroup upgrades C.H. Robinson to 'buy' as freight market conditions improve ** Shares of C.H. Robinson CHRW.O rise ~2% to $150.2 premarket
** Citigroup upgrades freight-forwarding firm to "buy" from "neutral", cuts price target to $185 from $196
** New PT still represents a 25.3% premium to stock's last close
** Brokerage lowers PT primarily to reflect uncertainty around broker liability after the Supreme Court's Montgomery decision
** Sees conditions improving for CHRW third-quarter onward, driven by softer spot rates and higher contract rates
** Median PT of 26 brokerages covering the stock is $209.5 - data compiled by LSEG
** As of last close, stock down ~8% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))