Barclays raised the firm’s price target on C.H. Robinson (CHRW) to $95 from $85 and keeps an Underweight rating on the shares. The firm says transportation equities could benefit from lower U.S. corporate tax rates following the election of Donald Trump. Given higher market multiples and improved sentiment for cyclical U.S. industrial exposure, the firm raised price targets across the group.
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Read More on CHRW:
- C.H. Robinson upgraded to Buy from Neutral at Citi
- C.H. Robinson price target raised to $115 from $92 at BMO Capital
- C.H. Robinson price target raised to $113 from $103 at TD Cowen
- C.H. Robinson price target raised to $85 from $75 at Barclays
- C.H. Robinson’s Strong Q3 2024 Performance
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