C.H. Robinson: Will The Growth Continue?

C.H. Robinson Worldwide (NASDAQ: CHRW) saw better than expected gross revenue in its 2Q which drove up the EPS $0.06 over the estimates, according to Deutsche Bank.

However, despite the solid earnings, a compelling risk-reward forecast cannot be found at this time, and Deutsche maintains its "hold" rating.

Deutsche Bank has raised the price target from $57 to $58, expecting better than expected gross profit margins.

C.H. Robinson Worldwide closed yesterday at $64.39.

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