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• CHRW 0% Rate It

Freight transporter C.H. Robinson Worldwide, Inc. ( CHRW ) on Wednesday caught a big upgrade from analysts at Deutsche Bank.

The firm said it boosted its rating on CHRW to "Buy" with a $79 price target, suggesting a 19% upside to the stock's Tuesday closing price of $66.11.

A Deutsche analyst commented, "Over the past two years (since 4/17/10) shares of CHRW (up 13%) have underperformed the broader market (S&P 500 is up 17%) and the transports (with the IYT up 30%). Performance was constrained by 12.5% P/E multiple compression as CHRW grew EPS 26% during this period. We currently see an attractive entry point as we think investors are undervaluing CHRW's returns, free cash flow generation, and growth opportunities. While headcount growth in 2011 negatively impacted productivity (gross profits/average employee was down 4.5% y/y in Q4 2011), the new hires should become a tailwind in H2 2012E, helping drive double-digit growth in H2 2012-13E."

C.H. Robinson shares posted modest gains in early trading Wednesday.

The Bottom Line
Shares of C.H. Robinson Worldwide ( CHRW ) have a 2.00% dividend yield, based on last night's closing stock price of $66.11. The stock has technical support in the $61-$63 price area. If the shares can firm up, we see overhead resistance around the $70-$71 price levels.

C.H. Robinson Worldwide, Inc. ( CHRW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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