Market Overview

UPDATE: Credit Suisse Upgrades Expeditors International of Washington to Outperform on Macro Outlook

Related EXPD
Barclays Initiates Coverage On 4 Transportation Stocks
UPDATE: Barclays Initiates Coverage On Expeditors International of Washington
Dow Transports Slump on Profit Taking, Economic Worries (Fox Business)

Credit Suisse upgraded Expeditors International of Washington (NASDAQ: EXPD) from Neutral to Outperform and raised the price target from $42.00 to $50.00.

Credit Suisse said, "According to our chief economist and global strategy team, 2013 looks poised to be a better year than 2012. It is the CS view that Industrial Production momentum will reaccelerate early in the year and that global trade will once again grow at a multiple of global GDP (historically about 1.3 times). As a global forwarder, both of these market dynamics should bode well for the stock."

Expeditors International of Washington closed at $42.72 on Thursday.

Latest Ratings for EXPD

DateFirmActionFromTo
Sep 2014BarclaysInitiates Coverage onUnderweight
Aug 2014Credit SuisseDowngradesOutperformNeutral
May 2014SusquehannaUpgradesNeutralPositive

View More Analyst Ratings for EXPD
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (EXPD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters