BUZZ-C.H. Robinson gains after Jefferies upgrades to 'buy', hikes PT
C.H. Robinson Worldwide CHRW | 0.00 |
** Shares of global freight forwarder C.H. Robinson Worldwide CHRW rise nearly 4% to about $179.51 in early trading
** Jefferies upgrades CHRW to "buy" from "hold", lifts price target to $200 from $195
** New PT implies a 15.6% upside from the stock's last close
** Brokerage says firm's tech-driven logistics platform can scale 10x with low extra costs, helping improve margins and earnings
**Adds CHRW stock has underperformed despite improvements, offering a good buying opportunity due to its stronger cost structure, growth potential and regulatory advantage
** 17 of 25 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell"; their median PT is $207 - data compiled by LSEG
** Including session's moves, stock up 11.6% YTD
