Barclays Maintains Underweight Rating on Expeditors International, Raises Price Target to $175
Barclays has maintained its Underweight rating on Expeditors International while increasing the price target from $165 to $175.
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Expeditors International of Washington, Inc. reported strong third-quarter 2026 financial results, with significant year-over-year growth in revenue, operating income, and earnings per share.
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Barclays has maintained its Underweight rating on Expeditors International while increasing the price target from $165 to $175.
JPMorgan has revised its price target for Expeditors International of Washington, increasing it from $214 to $220.
UBS has updated its price target for Expeditors International of Washington, raising it from $220 to $245.
Expeditors International (EXPD) delivered robust Q3 2026 results with earnings jumping 61.6% to $2.65 per share and revenues climbing 41.9% to $4.11 billion, both exceeding consensus estimates. Strong airfreight demand (up 51.4%) and ocean freight recovery (up 47.8%) drove growth, while customs and distribution services also contributed significantly. The company improved operating margins to 10.8% despite rising expenses and generated $212.6 million in operating cash flow.
Filed: 2026-11-03 AccNo: 0001193125-26-445448 Size: 197 KB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
Baird increased its price target for Expeditors International of Washington, Inc. from $200 to $210 following the company's third-quarter earnings report.