Wells Fargo Maintains Underweight on C.H. Robinson Worldwide, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Allison Poliniak Cusic has maintained an Underweight rating on C.H. Robinson Worldwide (CHRW) and lowered the price target from $80 to $70.
February 01, 2024 | 1:47 pm
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NEGATIVE IMPACT
Wells Fargo has maintained its Underweight rating on C.H. Robinson Worldwide and reduced the price target from $80 to $70.
The reduction in price target by a significant financial institution like Wells Fargo, accompanied by an Underweight rating, suggests a bearish outlook on CHRW's stock. This could lead to a negative perception among investors, potentially causing a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100