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C.H. Robinson shares fall and price target lowered following RXO acquisition announcement

The Motley Fool ·

CHRW
CHRW C.H. Robinson Worldwide Inc
$135.18 +0.10%
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  1. 1C.H. Robinson shares declined after announcing the acquisition of RXO.
  2. 2C.H. Robinson shares fell 11% yesterday.
  3. 3Bank of America lowered its price target from $226 to $203.

So what's the key point?

C.H. Robinson shares fell 11% after the company decided to acquire RXO. Experts lowered their expected price for the stock from $226 to $203.

Source The Motley Fool · View original ↗

Related 3-line summaries

C.H. Robinson Announces Largest RXO Acquisition in History FreightWaves · 8h agoC.H. Robinson to Acquire RXO for $5.8 Billion Sourcing Journal · yesterdayC.H. Robinson Agrees to Acquire RXO for $5.8 Billion TIKR · yesterday
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