C.H. Robinson Initiates Leadership Transition

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Citi 'Surprised' by C.H. Robinson Worldwide (CHRW) CEO Termination, Says to Expect Challenging Near-Term Results

January 3, 2023 10:54 AM EST

Citi analyst Christian Wetherbee reiterated a Neutral rating and $94.00 price target on C.H. Robinson Worldwide (NASDAQ: CHRW).

The analyst comments "We were surprised by CEO Bob Biesterfelds termination. We expect challenging near-term results due to sharp weakness in forwarding rates and a... More