Barclays Maintains Underweight on C.H. Robinson Worldwide, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has maintained an Underweight rating on C.H. Robinson Worldwide (CHRW) but raised the price target from $65 to $70.
May 02, 2024 | 2:37 pm
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on CHRW but increases the price target from $65 to $70.
The maintenance of an Underweight rating suggests Barclays' continued caution towards CHRW, indicating potential underperformance relative to the market or sector. However, the increase in the price target from $65 to $70 reflects a slightly more optimistic outlook on the company's valuation or future performance. This mixed signal could lead to neutral short-term price movement as investors weigh the unchanged negative rating against the higher price target.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90