JP Morgan Maintains Underweight on C.H. Robinson Worldwide, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has maintained an Underweight rating on C.H. Robinson Worldwide (CHRW) and reduced the price target from $78 to $75.
February 01, 2024 | 2:39 pm
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JP Morgan analyst Brian Ossenbeck has maintained an Underweight rating on C.H. Robinson Worldwide and reduced the price target from $78 to $75.
The reduction in price target by a major financial institution like JP Morgan, accompanied by an Underweight rating, suggests a bearish outlook on CHRW's stock in the short term. This could lead to negative investor sentiment and potentially lower stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100