Expeditors cut to Sell equivalent at BofA as container rates seen sliding

4 hours ago 1
Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunset, logistic import export and transport industry background

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Expeditors International (NYSE:EXPD) -3.1% in Friday's trading as Bank of America downgraded shares to Underperform from Neutral with a $118 price target, citing containership rates that are falling
rapidly and likely leading to relatively flat earnings growth and a muted stock performance.

BofA

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