Expeditors price target lowered to $105 from $110 at Barclays

Barclays lowered the firm’s price target on Expeditors (EXPD) to $105 from $110 and keeps an Underweight rating on the shares post the Q1 report. The coming contraction in trans-Pacific trade is likely to impair Expeditors’ earnings despite potential gross margin and customs brokerage offsets, the analyst tells investors in a research note.