Expeditors price target raised to $130 from $120 at Truist

Truist raised the firm’s price target on Expeditors (EXPD) to $130 from $120 and keeps a Hold rating on the shares. The firm also raised its 2025/2026 estimates following another quarter of solid execution and growth within Customs Brokerage. While Truist believes Customs Brokerage will remain a bright spot over the coming 12 months, it has limited visibility around other potential near-term catalysts that could drive upside to current estimates given subdued trade activity and persistent pricing pressure in Ocean Forwarding.