NEW YORK (TheStreet) -- Shares of C.H. Robinson Worldwide (CHRW) - Get C.H. Robinson Worldwide, Inc. Report were declining in mid-morning trading on Monday as Barclays cut its rating on the stock to "equal weight" from "overweight."
The firm also reduced its price target to $72 from $78 on shares of the Eden Prairie, MN-based third-party logistics company.
"Some stabilization in trucking markets suggests CHRW could face a more difficult near-term earnings outlook, driving our downgrade," Barclays wrote in an analyst note.
Additionally, the firm finds the most potential in FedEx (FDX) outside of rails companies and is more cautious on asset-light margins.
FedEx should continue to benefit from a near historical low relative valuation and strong ecommerce driven growth, Barclays noted.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.
The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year and increase in net income.
The team believes its strengths outweigh the fact that the company shows weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CHRW