Morgan Stanley Maintains Underweight on C.H. Robinson Worldwide, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an 'Underweight' rating on C.H. Robinson Worldwide (NASDAQ:CHRW) and lowered the price target from $62 to $60.
November 02, 2023 | 4:09 pm
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Morgan Stanley has maintained an 'Underweight' rating on C.H. Robinson Worldwide and lowered the price target from $62 to $60.
The 'Underweight' rating maintained by Morgan Stanley indicates a negative outlook for the stock. The lowering of the price target from $62 to $60 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100