Expeditors International of Washington, Inc. (NYSE: EXPD) was downgraded by BofA Securities from “Neutral” to “Underperform” with a price target raised to $118 due to falling containership rates and a 16% climb in stock value since April. BofA projects flat earnings growth for EXPD with a 5% increase in EPS in 2026.

BofA cited Expeditors International of Washington, Inc.’s (NYSE: EXPD) recent stock surge and adjusted its price-to-earnings ratio to a 20x multiple for 2026 earnings per share, down from the previous 21x multiple for 2025 EPS. The firm predicts muted share performance for EXPD.

Expeditors International of Washington, Inc. (NYSE: EXPD) is a global logistics company providing various services. BofA forecasts a 5% EPS growth in 2026 for EXPD but anticipates flat earnings growth. The firm believes there are better investment opportunities in certain AI stocks.

BofA warns of Expeditors International of Washington, Inc.’s (NYSE: EXPD) muted share performance despite predicting a 5% EPS growth in 2026. The firm suggests considering other AI stocks for better investment opportunities with less downside risk.

Read more at Yahoo Finance: BofA Downgrades Expeditors (EXPD) to Underperform, Slightly Raises PT