Refile: BUZZ-Wells Fargo upgrades CH Robinson Worldwide to 'overweight', raises PT

CH Robinson Worldwide

09/12/2024 13:17

(Adds reporting credit)
    ** Wells Fargo Securities upgrades C.H. Robinson Worldwide
 CHRW.O  to "Overweight" from "Equal Weight"; raises PT to $130
from $118
    ** CHRW's shares up 1% at $106.50 premarket
    ** New PT represents a 23.3% upside to stock's last close
    ** Brokerage sees CHRW's potential for compounded earnings
growth through 2027, driven by technological improvements
leading to market share gains and margin expansion
    ** Brokerage, however, currently expects co's 2024 annual
earnings per share to be $4.31 vs prior expectations of $4.35
    ** Up to last close, shares up ~22% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.Chaudhary@thomsonreuters.com))