Why C.H. Robinson Stock Was Sliding Again Today
Two Wall Street firms pulled back their price targets after yesterday's acquisition announcement.
Overview
Shares of C.H. Robinson (NASDAQ:CHRW)were slipping again today, one day after the freight brokerage company announced its acquisition of RXO.
The stock fell 11% yesterday as investors seemed to think the deal was a poor use of capital, and today it continued to fall after a pair of Wall Street analysts lowered their price targets.
Details
As of 1:35 p.m. ET, C.H. Robinson stock was down 4.3%.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.