B of A Securities Maintains Underperform on C.H. Robinson Worldwide, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter maintains an Underperform rating on C.H. Robinson Worldwide (CHRW) and lowers the price target from $70 to $68.
April 15, 2024 | 5:45 pm
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B of A Securities maintains an Underperform rating on C.H. Robinson Worldwide and lowers the price target from $70 to $68.
The reduction in price target by B of A Securities suggests a bearish outlook on CHRW's stock, likely due to anticipated underperformance relative to the market or sector. This could lead to negative investor sentiment in the short term, potentially causing a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100