TD Cowen raised the firm’s price target on Expeditors (EXPD) to $117 from $108 and keeps a Sell rating on the shares. The firm said 4Q EPS came in well ahead of consensus estimates as global disruptions brought upside to round out 2024. Tariffs de minimis and continued Red Sea disruptions bring increased shipper uncertainty and increase the company’s value to customers.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXPD:
- Expeditors International: Hold Rating Amid Strong Performance and Market Uncertainties
- Expeditors International Reports Strong Q4 2024 Growth
- Expeditors International Faces Uncertainties: Sell Rating Due to Tariff Issues, De Minimis Rule Changes, and Market Volatility
- Expeditors price target raised to $124 from $120 at BofA
- Expeditors reports Q4 EPS $1.68, consensus $1.44