Expeditors price target lowered to $95 from $110 at Susquehanna

Susquehanna analyst Bascome Majors lowered the firm’s price target on Expeditors to $95 from $110 and keeps a Neutral rating on the shares. The analyst said they reported earnings and revenues better than expected but he is incrementally cautious on 2023 international freight volumes and rates, and cut hs out-year forecasts and target price accordingly.