UBS Maintains a 'Buy' on C.H. Robinson (CHRW); Decent Q3, but Where’s the Wow?

UBS maintains a 'Buy' on C.H. Robinson Worldwide (NASDAQ: CHRW) price target raised $3.00 to $95.00.

UBS analyst says, "Our view on the stock: Cyclical weakness # broken growth: While the Q3 result was solid, it feels a little underwhelming relative to the quality of the CH franchise. Bears on CHRW sometimes misinterpret periods of cyclical weakness as the beginning of a broken growth story, with the company ultimately proving the cynics wrong—typically through mkt share gains. That didn’t happen in Q3, so more work to do to silence the critics and restore excitement in the name."

For more ratings news on C.H. Robinson Worldwide click here and for the rating history of C.H. Robinson Worldwide click here.

Shares of C.H. Robinson Worldwide closed at $74.88 yesterday.

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