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Analysts See C.H. Robinson Climbing Over 10% Higher: Wednesday's Top Price Target Changes

MarketDash Editorial Team
1 day ago
Wall Street analysts adjusted their price targets across multiple sectors Wednesday, with notable moves on C.H. Robinson Worldwide, Honeywell International, and Spire Global. B of A Securities raised their C.H. Robinson target to $182, suggesting significant upside from Tuesday's close of $164.59.

Wall Street analysts reshuffled their expectations Wednesday across a diverse range of companies, from logistics giants to space technology startups. The moves paint an interesting picture of where the smart money thinks stocks are headed next.

Transportation and Logistics in Focus

C.H. Robinson Worldwide, Inc. (CHRW) got a meaningful vote of confidence from B of A Securities, which raised its price target from $167 to $182. Analyst Ken Hoexter maintained a Buy rating on the logistics company. With shares closing at $164.59 on Tuesday, that new target implies upside of more than 10% if the analyst's outlook proves correct.

Hoexter also adjusted his view on Schneider National, Inc. (SNDR), raising the price target from $26 to $28 while keeping a Neutral rating. Schneider shares closed at $27.14 on Tuesday, meaning the stock is already trading near the analyst's target.

Environmental Tech Gets a Boost

CECO Environmental Corp. (CECO) received one of the day's more bullish adjustments. Northland Capital Markets analyst Bobby Brooks increased his price target from $60 to $73, a substantial 21% bump, while maintaining an Outperform rating. The stock closed at $60.66 on Tuesday, suggesting Brooks sees considerable room to run.

Real Estate and REITs Face Mixed Signals

The real estate investment trust sector saw divergent analyst views. Realty Income Corporation (O) got a modest boost from Morgan Stanley, which raised its price target from $62 to $65. Analyst Ronald Kamdem maintained an Equal-Weight rating, though the stock closed at $55.93 on Tuesday, well below the target.

Meanwhile, Americold Realty Trust, Inc. (COLD) faced a slight haircut. Truist Securities analyst Ki Bin Kim cut the price target from $17 to $16 but maintained a Buy rating. Americold shares closed at $12.20 on Tuesday, indicating Kim still sees meaningful upside despite the reduced target.

Tech and Space Sector Adjustments

Not all the news was positive. Spire Global, Inc. (SPIR) took a double hit from Alliance Global Partners. Analyst Brian Kinstlinger not only slashed the price target from $17 to $9, but also downgraded the stock from Buy to Neutral. Spire shares settled at $8.62 on Tuesday, already trading below even the reduced target.

Gemini Space Station, Inc. (GEMI) also saw its target reduced. Mizuho analyst Dan Dolev cut his price target from $30 to $26 while maintaining an Outperform rating. The stock closed at $11.09 on Tuesday, considerably below the new target.

WhiteFiber, Inc. (WYFI) faced a similar trim, with B. Riley Securities analyst Nick Giles reducing the price target from $44 to $40. Giles maintained a Buy rating despite the cut. WhiteFiber shares closed at $14.30 on Tuesday.

Industrial Giants Under Review

Honeywell International Inc. (HON) saw its price target reduced by Barclays analyst Julian Mitchell, who cut the target from $269 to $250 while maintaining an Overweight rating. Honeywell closed at $195.50 on Tuesday, suggesting Mitchell still sees significant appreciation potential.

Travel Sector Gets Minor Tweak

MakeMyTrip Limited (MMYT) received a slight adjustment from B of A Securities, with analyst Sachin Salgaonkar reducing the price target from $115 to $113. The Buy rating remained intact, and with shares closing at $85.51 on Tuesday, the analyst's target still implies considerable upside.

These target changes reflect analysts' constantly evolving views on company fundamentals, market conditions, and growth prospects. While price targets aren't guarantees of future performance, they do offer insight into how professional analysts are modeling these businesses going forward.

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Analysts See C.H. Robinson Climbing Over 10% Higher: Wednesday's Top Price Target Changes

MarketDash Editorial Team
1 day ago
Wall Street analysts adjusted their price targets across multiple sectors Wednesday, with notable moves on C.H. Robinson Worldwide, Honeywell International, and Spire Global. B of A Securities raised their C.H. Robinson target to $182, suggesting significant upside from Tuesday's close of $164.59.

Wall Street analysts reshuffled their expectations Wednesday across a diverse range of companies, from logistics giants to space technology startups. The moves paint an interesting picture of where the smart money thinks stocks are headed next.

Transportation and Logistics in Focus

C.H. Robinson Worldwide, Inc. (CHRW) got a meaningful vote of confidence from B of A Securities, which raised its price target from $167 to $182. Analyst Ken Hoexter maintained a Buy rating on the logistics company. With shares closing at $164.59 on Tuesday, that new target implies upside of more than 10% if the analyst's outlook proves correct.

Hoexter also adjusted his view on Schneider National, Inc. (SNDR), raising the price target from $26 to $28 while keeping a Neutral rating. Schneider shares closed at $27.14 on Tuesday, meaning the stock is already trading near the analyst's target.

Environmental Tech Gets a Boost

CECO Environmental Corp. (CECO) received one of the day's more bullish adjustments. Northland Capital Markets analyst Bobby Brooks increased his price target from $60 to $73, a substantial 21% bump, while maintaining an Outperform rating. The stock closed at $60.66 on Tuesday, suggesting Brooks sees considerable room to run.

Real Estate and REITs Face Mixed Signals

The real estate investment trust sector saw divergent analyst views. Realty Income Corporation (O) got a modest boost from Morgan Stanley, which raised its price target from $62 to $65. Analyst Ronald Kamdem maintained an Equal-Weight rating, though the stock closed at $55.93 on Tuesday, well below the target.

Meanwhile, Americold Realty Trust, Inc. (COLD) faced a slight haircut. Truist Securities analyst Ki Bin Kim cut the price target from $17 to $16 but maintained a Buy rating. Americold shares closed at $12.20 on Tuesday, indicating Kim still sees meaningful upside despite the reduced target.

Tech and Space Sector Adjustments

Not all the news was positive. Spire Global, Inc. (SPIR) took a double hit from Alliance Global Partners. Analyst Brian Kinstlinger not only slashed the price target from $17 to $9, but also downgraded the stock from Buy to Neutral. Spire shares settled at $8.62 on Tuesday, already trading below even the reduced target.

Gemini Space Station, Inc. (GEMI) also saw its target reduced. Mizuho analyst Dan Dolev cut his price target from $30 to $26 while maintaining an Outperform rating. The stock closed at $11.09 on Tuesday, considerably below the new target.

WhiteFiber, Inc. (WYFI) faced a similar trim, with B. Riley Securities analyst Nick Giles reducing the price target from $44 to $40. Giles maintained a Buy rating despite the cut. WhiteFiber shares closed at $14.30 on Tuesday.

Industrial Giants Under Review

Honeywell International Inc. (HON) saw its price target reduced by Barclays analyst Julian Mitchell, who cut the target from $269 to $250 while maintaining an Overweight rating. Honeywell closed at $195.50 on Tuesday, suggesting Mitchell still sees significant appreciation potential.

Travel Sector Gets Minor Tweak

MakeMyTrip Limited (MMYT) received a slight adjustment from B of A Securities, with analyst Sachin Salgaonkar reducing the price target from $115 to $113. The Buy rating remained intact, and with shares closing at $85.51 on Tuesday, the analyst's target still implies considerable upside.

These target changes reflect analysts' constantly evolving views on company fundamentals, market conditions, and growth prospects. While price targets aren't guarantees of future performance, they do offer insight into how professional analysts are modeling these businesses going forward.