BMO cuts C.H. Robinson PT, stays cautious on RXO deal

By Reuters News

** BMO cuts price target on freight forwarding firm C.H. Robinson Worldwide CHRW.O to $160 from $190, reiterates "marketperform" rating

** New PT still represents an 11.3% premium to stock's last close

** Brokerage says CHRW's acquisition of RXO is "strategically compelling and financially credible," helping the company expand its freight brokerage business

** However, it cautions that value creation will depend on retaining RXO's shipment volumes, achieving productivity gains, and managing integration and brokerage-liability risks

** Median PT of 24 brokerages covering the stock is $200 — data compiled by LSEG

** As of last close stock down ~11% YTD

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