Morgan Stanley Maintains Underweight on Expeditors Intl, Raises Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Underweight rating on Expeditors Intl (NASDAQ:EXPD) and raised the price target from $84 to $86.

August 14, 2023 | 12:54 pm
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Morgan Stanley has maintained an Underweight rating on Expeditors Intl and raised the price target from $84 to $86.
The news is directly about Expeditors Intl (EXPD). Morgan Stanley's decision to maintain an Underweight rating suggests they believe the stock is overvalued or there are better opportunities in the market. However, the increase in price target from $84 to $86 indicates a slightly more positive outlook, which could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100