UBS Maintains a 'Buy' on Expeditors Intl (EXPD); Q1 Beats but EPS Revisions Discouraged

UBS maintains a 'Buy' on Expeditors Intl (NASDAQ: EXPD), PT increased from $59 to $61.

UBS analyst says, "While we remain fans of the L-T story, we think the stock’s 13% rebound off its March low has taken valuation from great to good, which also characterizes our conviction levels with regard to the adding to positions at the current stock price." (UBS raises FY11 EPS estimate from $1.81 to $1.86 and FY12 from $2.11 to $2.16)

For more ratings news on Expeditors Intl click here and for the rating history of Expeditors Intl click here.

Shares of Expeditors Intl closed at $52.80 yesterday.

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