Susquehanna Downgrades C.H. Robinson Worldwide to Negative, Lowers Price Target to $77
Portfolio Pulse from richadhand@benzinga.com
Susquehanna analyst Bascome Majors has downgraded C.H. Robinson Worldwide (NASDAQ:CHRW) from Neutral to Negative and lowered the price target from $88 to $77.
August 31, 2023 | 10:34 am
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NEGATIVE IMPACT
C.H. Robinson Worldwide has been downgraded from Neutral to Negative by Susquehanna, with a lowered price target from $88 to $77.
The downgrade from Neutral to Negative by Susquehanna indicates a bearish outlook for C.H. Robinson Worldwide. The lowered price target from $88 to $77 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100