Expeditors International Upgraded by JPMorgan Chase
Expeditors International of Washington (NASDAQ:EXPD) has seen its rating upgraded from 'underweight' to 'neutral' by JPMorgan Chase & Co. The firm now has a target price of $200.00 on the transportation company's stock, indicating a potential upside of 9.84% from the previous close.
This is not the first time EXPD has received an upgrade; Truist Financial lifted its price target to $175.00 and gave the stock a 'hold' rating in July, while UBS Group increased its target to $191.00 with a 'buy' rating. Susquehanna also boosted its target to $156.00 with a 'neutral' rating.
Analysts have varying opinions on EXPD, but most agree it's a solid choice for investors. With an average rating of 'hold', the stock currently has a consensus price target of $166.67. Institutional investors and hedge funds have increased their holdings in the company, with UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchasing 1,661,457 shares.