Exane BNP Paribas Downgrades Expeditors Intl to Underperform, Announces $116 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Robert Joynson downgraded Expeditors International (EXPD) from Neutral to Underperform and set a price target of $116.
January 11, 2024 | 12:36 pm
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Expeditors International downgraded by Exane BNP Paribas from Neutral to Underperform with a new price target of $116.
Downgrades by analysts can lead to a negative perception among investors and potentially drive the stock price down in the short term. The new price target, while not necessarily negative, is set by the context of the downgrade, indicating a lack of confidence in the stock's current performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100