Expeditors price target raised to $111 from $107 at TD Cowen

TD Cowen analyst Jason Seidl raised the firm’s price target on Expeditors (EXPD) to $111 from $107 and keeps a Sell rating on the shares. The firm said 2Q came in above forecast and consensus expectations as the freight air pocket was less than expected, tonnage in both ocean and air up HSD. Cowen expects pull forward (given tariff pause) to fade into the Fall, with PoLA expected double digit declines, leaving traditional peak season extremely uncertain.