Morgan Stanley Reiterates Underweight on C.H. Robinson Worldwide, Maintains $62 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has reiterated an 'Underweight' rating on C.H. Robinson Worldwide (NASDAQ:CHRW) and maintained a $62 price target.
July 06, 2023 | 12:29 pm
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Morgan Stanley has reiterated an 'Underweight' rating on C.H. Robinson Worldwide, indicating a negative outlook for the stock.
The 'Underweight' rating from Morgan Stanley suggests that they believe CHRW's stock will underperform compared to other stocks in the market. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100