Expeditors price target lowered to $84 from $85 at Morgan Stanley

Morgan Stanley analyst Ravi Shanker lowered the firm’s price target on Expeditors to $84 from $85 and keeps an Underweight rating on the shares. In Freight Transportation, the analyst sees Q2 results as likely to mirror Q1 and “present another set of tough numbers across the group,” but adds that this does set up for an “intriguing” Q3 and summer, with all eyes to be on management groups’ forward commentary.