CH Robinson rises after Citigroup upgrades to 'buy'

CH Robinson Worldwide

12/11/2024 14:24

** Shares of freight forwarder C.H. Robinson  CHRW.O  up 3%
to $112 premarket after Citigroup raises its rating to "buy"
from "neutral"
    ** Says CHRW demonstrated strong efficiency improvement in
the recent quarter which could drive accelerated earnings growth
    ** Brokerage also raises CHRW's target price to $125 from
$117, a 14.64% upside to stock's last close
    ** Up to last close, stock up 26% YTD

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))