JP Morgan Maintains Underweight on Expeditors Intl, Raises Price Target to $111
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has maintained an Underweight rating on Expeditors International (EXPD) but increased the price target from $107 to $111.
December 21, 2023 | 2:53 pm
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JP Morgan has maintained an Underweight rating on Expeditors International but raised the price target from $107 to $111, indicating a potential downside risk but a slightly more positive outlook.
The Underweight rating suggests that JP Morgan analysts believe EXPD will underperform the market or its sector. However, the increase in the price target implies a slightly more optimistic view of the company's potential, albeit still below market performance expectations. This mixed signal can lead to short-term uncertainty in the stock's performance, potentially causing a slight negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100