Expeditors International of Washington: B of A Securities downgrades to 'Underperform' Rating, The Target Price is $118

B of A Securities downgrades 'Underperform' rating on Expeditors International of Washington(EXPD), compare with the 'Neutral' previously.

The target price is $118, compare with $117 previously.

[Recent Rating]

Date	Agency	Change	Rating	Rating （previously）	Target Price	Target Price（previously）
2025-07-11	B of A Securities	Downgrades	Underperform	Neutral	$118	$117
2025-07-08	JP Morgan	Maintains	Underweight	Underweight	$107	$105
2025-07-01	Baird	Reinstates	Neutral	--	$124	$--
2025-06-30	Truist Securities	Maintains	Hold	Hold	$110	$105

[Recent Earning Results] Expeditors International Of Washington posted the Q1 of its 2025 financial results on 5/8/2025, reporting total revenue of USD 2666.42 million in the first quarter, up 20.83% from USD 2206.68 million year over year, reporting net income of USD 204.10 million in the first quarter, up 19.78% from USD 170.40 million year over year.

[Company Profile] Expeditors International Of Washington, Inc. was incorporated in the State of Washington in May 1979. The company provides a full suite of global logistics services, offering customers a seamless international network of people and integrated information systems to support the movement and strategic positioning of goods. As a third-party logistics provider, the company purchase cargo space from carriers (such as airlines, ocean shipping lines, and trucking lines) on a volume basis and resell that space to customers. The company provide a broad range of transportation services and customer solutions, such as customs brokerage, order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other customized logistics and consulting solutions. In addition, the company Project Cargo unit handles special project shipments that move via a single method or combination of air, ocean, and ground transportation and generally require a high level of specialized attention because of the unusual size or nature of what is being shipped.