UBS lowered its price target on C.H. Robinson Worldwide (NASDAQ:CHRW) to $129 from $130 while maintaining a Buy rating, as the firm reduced its Q2 2025 EPS forecast to $1.15 from $1.20 due to weaker-than-expected performance in the company’s forwarding segment.

The analysts cited reductions in forwarding gross revenue and operating margin assumptions, which drove a downward revision in forwarding EBIT from $40 million to $33 million. The updated EPS estimate of $1.15 sits below the current consensus of $1.18, with UBS expecting Street estimates to drift lower as models are updated for softer ocean freight activity during the quarter.

Despite the near-term headwinds, UBS remains constructive on C.H. Robinson’s shares, citing improving operational execution and the potential for a cyclical recovery in the truckload market, which could drive earnings upside over the longer term.