Expeditors price target lowered to $140 from $160 at Truist

Truist lowered the firm’s price target on Expeditors (EXPD) to $140 from $160 and keeps a Hold rating on the shares. The company’s Q4 results were mixed with strong air volume, offset by ocean rate normalization, the analyst tells investors in a research note. Expeditors’ improving air trends and capital return are offset by continued ocean uncertainty and limited near-term operating leverage visibility, Truist adds.