JP Morgan Initiates Coverage On Expeditors Intl with Underweight Rating, Announces Price Target of $110
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Brian Ossenbeck has initiated coverage on Expeditors Intl (NASDAQ:EXPD) with an Underweight rating and a price target of $110.
August 11, 2023 | 9:58 am
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JP Morgan has initiated coverage on Expeditors Intl with an Underweight rating and a price target of $110.
The Underweight rating from JP Morgan suggests that the firm believes EXPD's stock is expected to underperform compared to other stocks. This could potentially lead to a decrease in the stock's price in the short term. The price target of $110 provides a benchmark for investors.
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