C.H. Robinson Worldwide (CHRW) PT Raised to $102 at Cowen

Cowen analyst Jason Seidl raised the price target on C.H. Robinson Worldwide (NASDAQ: CHRW) to $102.00 (from $76.00) while maintaining an Outperform rating.

The analyst commented, "With expectations lowered following a few difficult quarters, and the pandemic bringing its own set of market unknowns and volatility, CHRW posted a strong top-through-bottom beat of our and consensus estimates. Much of the COVID-19 cost reductions are permanent, with mgmt increasing their 2020 cost savings target. We are raising our estimates and move our PT to $102."

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