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Wells Fargo Keeps Their Buy Rating on CH Robinson (CHRW)

Tipranks - Tipranks - Sat May 30, 4:44AM CDT

In a report released yesterday, Christian Wetherbee from Wells Fargo maintained a Buy rating on CH Robinson, with a price target of $215.00. The company’s shares closed yesterday at $175.41.

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Wetherbee covers the Industrials sector, focusing on stocks such as FedEx, American Airlines, and Delta Air Lines. According to TipRanks, Wetherbee has an average return of 15.5% and a 64.03% success rate on recommended stocks.

Currently, the analyst consensus on CH Robinson is a Strong Buy with an average price target of $199.19, which is a 13.56% upside from current levels. In a report released on May 20, Jefferies also upgraded the stock to a Buy with a $200.00 price target.

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Based on CH Robinson’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.01 billion and a net profit of $147.23 million. In comparison, last year the company earned a revenue of $4.05 billion and had a net profit of $135.3 million

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