Susquehanna analyst Bascome Majors raised the firm’s price target on Expeditors (EXPD) to $156 from $142 and keeps a Neutral rating on the shares. The firm said results proved resilient in the volatile trade backdrop, ultimately driving home better than expected labor productivity including meaningful upside in their Customs segment. The firm’s numbers come up on flow through of 1Q results but remain on the sidelines even as they factor significantly improved labor productivity.
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