BNP Paribas Exane initiates Expeditors stock with neutral rating By Investing.com
Investing.com Canada
BNP Paribas Exane has initiated coverage on Expeditors International of Washington Inc. (NYSE:EXPD) with a Neutral rating and a price target of $180.00. The firm notes that Expeditors has outperformed peers due to its exposure to Transpacific trade and robust freight volumes in 2026, leading to a 55% gain over the past year. However, BNP Paribas Exane expresses caution regarding the container rate outlook for ocean freight, anticipating a weakening supply-demand balance in 2027 and potential dow
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