Stocks / Alpha Vantage News Sentiment

UBS raises Expeditors Int’l price target to $191 on freight strength

UBS has increased its price target for Expeditors Int’l (NYSE:EXPD) to $191 from $175, maintaining a Buy rating due to strong performance in airfreight and strengthening ocean volumes. The firm also raised its Q2 earnings estimate to $1.86 per share, significantly above the consensus. Despite these positive indicators, InvestingPro data suggests the shares are currently overvalued.