C.H. Robinson Worldwide falls after Citi downgrades to 'neutral'

Citi downgrades C.H. Robinson Worldwide CHRW.O to "neutral" from "buy", lifts PT to $148 from $134

New PT represents a 10.6% upside on stock's last close

Shares of logistics company C.H. Robinson Worldwide fall nearly 0.5% to $133.1

Says with CHRW trading above the high-end of its historical valuation range, it sees limited room for multiple expansion driving share price upside

Brokerage says that despite co's successful implementation of AI tech to drive efficiency, it is important for investors to consider the extent to which competing brokers could similarly adopt AI tools

TD Cowen cuts co's PT to $115 from $116, J.P.Morgan lifts PT to $155 from $126

15 of 27 brokerages rate the stock "buy" or higher, nine "hold" and three "sell"; their median PT is $132 - according to data compiled by LSEG

Including session moves, shares up about 28.7% YTD