C.H. Robinson Worldwide Inc. (CHRW) saw its stock plummet 7.72% in pre-market trading on Thursday, following a series of price target cuts by analysts after the company's recent earnings release.
Several Wall Street firms, including TD Cowen, BofA, and Susquehanna, lowered their price targets on the transportation and logistics company, citing concerns over its growth prospects and valuation following the Q4 earnings report.
TD Cowen analyst Jason Seidl cut the price target to $118 from $119 and maintained a Hold rating, while BofA reduced its target to $122 from $130 but kept a Buy rating. Susquehanna lowered its target to $127 from $130 but reiterated a Positive rating.
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