Expeditors Int'l (EXPD) PT Raised to $132 at Cowen

Cowen analyst Jason Seidl raised the price target on Expeditors Int'l (NASDAQ: EXPD) to $132.00 (from $124.00) while maintaining a Market Perform rating.

The analyst commented, "EXPD reported top and bottom lines that were well ahead of both our estimates and the consensus forecasts, despite net revenue margin pressure as purchased transportation costs eat into profitability, a trend we have seen across our coverage universe in 3Q. Management sees high demand coupled with elevated costs with cautious commentary on the longevity of current conditions. Increase PT to $132."

You May Also Be Interested In

• Cleveland Research Upgrades Dynatrace Inc. (DT) to Buy, 'optimism underlying fundamentals are likely to support upside'
• HSBC Upgrades Johnson & Johnson (JNJ) to Buy, 'Steady outlook, low expectations'
• IPCA Laboratories (IPCA:IN) PT Raised to INR1,505 at HSBC