C.H. Robinson Worldwide: Upgrade To Neutral As Macro Uncertainty Weighs On Positive Development
CHRWC.H. Robinson(CHRW) Seeking Alpha·2024-08-01 21:21

thitivong Summary Following my coverage on C.H. Robinson Worldwide (NASDAQ:CHRW) in Oct'23, which I recommended a sell rating as the business was facing a tough macro backdrop, this post is to provide an update on my thoughts on the business and stock. In just 6 months after my last post, the stock price fell to as low as $65 (near my share price target of ~$63). Fast forward to today, and while there are positive aspects of the business that are very encouraging (strong execution of internal initiatives to ...