By: Benzinga
UPDATE: J.P. Morgan Downgrades C.H. Robinson Worldwide to Underweight on Persistent Competitive Pressures
In a report published Tuesday, J.P. Morgan analyst Thomas R. Wadewitz downgraded the rating on C.H. Robinson Worldwide (NASDAQ: CHRW ) from Neutral to Underweight, and lowered the price target from $62.00 to $50.00. In the report, Wadewitz noted, “We are lowering our rating on CHRW to Underweight from Neutral
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