C.H. Robinson Worldwide (CHRW) is shifting its focus to growth in market share and expanding margins from productivity and cost-cutting but execution and structural risks remain, Morgan Stanley said in a Friday note.
Following the first Investor Day in seven years, the analysts said the logistics company's 2026 targets came in ahead of the Street consensus and its own estimates but added that "we are somewhat lacking in concrete detail on the plans."
"We remain bullish on the cycle but recent upcycles have proven tricky for CH to manage and we would like to see more evidence that cost savings are sustainable," the analysts said.
Morgan Stanley raised C.H. Robinson's price target to $70 from $65 but maintained an underweight rating on the stock.
Shares of the company were down 1.4% in recent Friday trading.
Price: 112.48, Change: -1.58, Percent Change: -1.39
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