Baird lifts CH Robinson's PT on Q3 earnings optimism

CH Robinson Worldwide

01/10/2024 11:27

** Baird raises logistics company C.H. Robinson Worldwide's
 CHRW.O  PT to $115 from $100, representing a 4.2% upside to
stock's last close
    ** Says CHRW's global forwarding segment's Q3 results likely
to exceed expectations as repricing of services come into effect
about 1 or 2 months after rise in ocean and air freight rates
    ** Also sees earnings upside on continued momentum with
productivity gains driven by the new Robinson operating model
    ** 5 brokerages rate the stock "buy" or higher, 18 "hold"
and 2 "sell"; median PT is $104 - LSEG
    ** As of last close, stock had risen 27.8% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))