NYSE:EXPDLogistics
How BofA’s Upgrade Amid Margin Strains At Expeditors (EXPD) Has Changed Its Investment Story
BofA Securities recently upgraded Expeditors International of Washington, expressing increased optimism for the freight forwarder as it provides air and ocean freight and brokerage services amid expectations of a sector recovery.
This shift in analyst stance comes even as Expeditors has faced slower revenue expansion, higher input costs, and signs of diminishing returns on capital.
We’ll now explore how this upbeat sector view, despite Expeditors’ margin and growth pressures, reshapes the...