NO DEAL DISCOUNT FOR C.H. ROBINSON

C.H. Robinson Worldwide announced its biggest-ever acquisition, but analysts didn't see enough in the deal to raise their recommendations. The Eden Prairie-based third-party logistics company is followed by 31 analysts, but only one raised his recommendation after CHRW's announcement it would acquire Chicago-based freight forwarders Phoenix International.

Analysts thought C.H. Robinson paid up for Phoenix. Chaz Jones, an analyst for Wunderlich Securities, wrote: "We view the valuation as a bit rich. ... We are increasing our estimates and raising our price target to $64 from $60, but maintain our Hold rating."

GOOD REVIEWS FOR CITY TARGET

J.P. Morgan analysts who cover Target Corp. visited the City Target store in Seattle, one of four locations in the country. City Target stores are smaller and placed in dense urban settings. J.P. Morgan analysts said: "Overall, the store was modern, neat, and very well-stocked."

They seemed less impressed with Target's product partnership program: The Shops at Target. They wrote of the partnership program, "We did not find the products as enticing as many of TGT's previous merchandising initiatives.''

PATRICK KENNEDY