UBS Maintains a 'Buy' on C.H. Robinson Worldwide (CHRW); Overreaction to Q4 Miss

UBS maintains a 'Buy' on C.H. Robinson Worldwide (NASDAQ: CHRW) price target lowered from $95 to $88.

UBS analyst says, "C.H. telegraphed a soft Q4 on its Q3 call and—despite hopes to the contrary—that’s exactly what transpired, with a one-penny headline miss somewhat generous given a lower than normal tax rate and a little “other” income adding a couple of pennies. Gross revenue growth of 10.4% was light vs. +13% consensus; however, the consolidated net revenue margin of 15.6% was 10bps better than our forecast. Poor SG&A cost control limited EPS growth to just 7% over Q4/10 results."

For an analyst ratings summary and ratings history on C.H. Robinson Worldwide click here. For more ratings news on C.H. Robinson Worldwide click here.

Shares of C.H. Robinson Worldwide closed at $68.84 yesterday.

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