BUZZ- Truist lifts Expeditors PT on strong customs demand
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Truist has raised the price target for Expeditors Internationalfrom $110 to $120, reflecting a 5.3% premium on the stock's last close. This adjustment is due to increased demand for high-margin customs services amid growing global trade complexities. Truist also raised its Q3 adjusted EPS estimate for Expeditors to $1.45 from $1.16. Additionally, price targets for FedEx and CH Robinson were increased, while UPS's target was cut. Currently, 11 of 18 brokerages rate Expeditors as "hold" or lower, with a median price target of $114.50.
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