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Susquehanna Lowers Expeditors International of Washington (NASDAQ:EXPD) Price Target to $142.00
Susquehanna has reduced its price target for Expeditors International of Washington (NASDAQ:EXPD) to $142.00 from $160.00, maintaining a “neutral” rating despite the company slightly beating Q4 earnings estimates with $1.49 EPS. The re-rating comes as the transportation company reported a revenue decline of 3.3% year-over-year and an operating income decrease, alongside the authorization of a $3.0 billion share repurchase program. Analyst consensus for EXPD is currently “Reduce,” with an average price target of $136.30.