BofA raised the firm’s price target on Expeditors (EXPD) to $181 from $165 and keeps a Buy rating on the shares after Q1 results. BofA believes Expeditors is in early stages of realizing meaningful benefits from staffing investments in 2025 to capture these opportunities and in technology to reduce time to file customs entries, the firm told investors in a research note. The firm added that Expeditors benefits from tariff complexity in customs brokerage and sees productivity upside from AI gains.
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