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Benzinga
Benzinga
Business
Priya Nigam

Why BofA Upgrades CH Robinson Worldwide

CH Robinson Worldwide CH Robinson BofA Securities CHRW

Brokerage carriers such as CH Robinson Worldwide Inc (NASDAQ:CHRW) are poised to benefit from continued strength in contract rates in the first half of 2022 and the subsequent “roll over as fluidity improves in the supply chain,” according to BofA Securities.

The CH Robinson Worldwide Analyst: Ken Hoexter upgraded the rating for CH Robinson Worldwide from Neutral to Buy, while raising the price target from $108 to $125.

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