C.H. Robinson Analysts Increase Their Forecasts After Q3 Results
Portfolio Pulse from Avi Kapoor
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) reported better-than-expected Q3 earnings, with EPS of $1.28 beating the $1.15 estimate and sales of $4.645 billion surpassing the $4.527 billion forecast. Despite this, shares fell 5.9% to $103.18. Analysts raised price targets, with BMO Capital increasing from $92 to $115 and TD Cowen from $103 to $113.
October 31, 2024 | 4:10 pm
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C.H. Robinson Worldwide reported better-than-expected Q3 earnings, but shares fell 5.9%. Analysts raised price targets, indicating potential future stock price recovery.
Despite strong earnings, CHRW shares fell, possibly due to market conditions or profit-taking. However, analysts raising price targets suggests confidence in future performance, indicating a potential positive impact on stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100