BofA Securities Downgrades Expeditors Int'l (EXPD) to Underperform

BofA Securities analyst Ken Hoexter downgraded Expeditors Int'l (NYSE: EXPD) from Neutral to Underperform with a price target of $118.00 (from $117.00).

The analyst comments "We lower our rating on Expeditors International (EXPD) to Underperform from Neutral, as the shares have scaled past our price objective and containership rates are falling rapidly. The shares are up 16% since early April (shy of the S&P 500’s 26% increase), and at $119.25 have moved above our prior $117 PO (now revised to $118). We roll forward our P/E assumption to 20x our 2026e EPS (from 21.0x our 2025e) given midyear roll ahead of targets. Nevertheless, given our expectation of relatively flat earnings growth (we target 5% EPS growth in 2026), we see muted share performance."

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 $119.25 yesterday.

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