BUZZ-Benchmark raises PT on C.H. Robinson Worldwide, maintains 'buy' rating

Reuters

2024/12/18

** Benchmark raises target price on logistics company C.H. Robinson Worldwide's CHRW.O stock to $125 from $122; maintains "buy" rating

** Benchmark says CHRW plans to achieve operating income of between $903 million and $1.003 billion for 2026, up 30% from the brokerage's 2024 estimate

** New PT represents a 13.5% upside to the stock's last close

** 8 of 26 brokerages rate the stock "buy" or "higher", 16 "hold" and two "sell"; with a median PT of $118, according to data compiled by LSEG

** Including session's move, shares up ~27% YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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