Barclays Downgrades C.H. Robinson Worldwide to Underweight, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski downgraded C.H. Robinson Worldwide (CHRW) from Equal-Weight to Underweight and reduced the price target from $80 to $65.
April 01, 2024 | 12:55 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barclays downgraded C.H. Robinson Worldwide to Underweight and lowered its price target to $65.
The downgrade by Barclays from Equal-Weight to Underweight, along with a significant reduction in the price target from $80 to $65, suggests a bearish outlook on CHRW's stock. This could lead to a negative short-term impact on the stock price as investors and market participants react to the analyst's revised expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100