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BofA Downgrades Expeditors (EXPD) to Underperform, Slightly Raises PT
Expeditors International of Washington, Inc. (NYSE:EXPD) is one of the 12 Best Logistics Stocks to Buy According to Hedge Funds. On July 11, BofA Securities downgraded Expeditors International of Washington, Inc. (NYSE:EXPD) from “Neutral” to “Underperform” but slightly raised the price target from $117 to $118. This downgrade was driven by rapidly falling containership rates. […]