Jefferies Maintains a 'Buy' on Expeditors Int'l (EXPD); A Rare Multi-Year Entry Point

Jefferies maintains a 'Buy' on Expeditors Int'l (NASDAQ: EXPD) price target raised from $53 to $54.

Jefferies analyst says, "EXPD's 4Q report highlighted weak near-term Asian airfreight demand (as widely expected), although improvements in gross yields and key cost line items set the stage for bottom line improvement. We believe Asian airfreight is at or near a bottom after an 18-month slide, an inflection point that would set up one of the best entry points since January 2000." (Jefferies raises FY13 from $2.36 to $2.40)

For an analyst ratings summary and ratings history on Expeditors Int'l click here. For more ratings news on Expeditors Int'l click here.

Shares of Expeditors Int'l closed at $44.03 yesterday, with a 52 week range of $38.25-$55.30.

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