BUZZ-C.H. Robinson gains after Jefferies upgrades to 'buy', hikes PT

C.H. Robinson Worldwide

C.H. Robinson Worldwide

CHRW

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** 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