BofA/Merrill Lynch upgraded C.H. Robinson Worldwide (NASDAQ: CHRW) from Neutral to Buy with a price target of $84.00 (from $68.00).

Ken Hoexter noted transport net margins topped 16% for the first time in seven quarter. The firm is increase 4Q14, 2014, and 2015 EPS estimates 1%, 2%, and 6%, to $0.75, $3.03, and $3.45, from $0.74, $2.97, and $3.25, respectively

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Shares of C.H. Robinson Worldwide closed at $72.34 yesterday.