Expeditors price target raised to $144 from $139 at JPMorgan

JPMorgan analyst Brian Ossenbeck raised the firm's price target on Expeditors to $144 from $139 and keeps an Underweight rating on the shares. The firm is updating estimates as part of its Q2 earnings preview for the transportation and logistics group. The firm's estimates and price targets have "mostly modestly increased across the board," driven by higher 2027 forecasts to reflect a better pricing environment for freight and a healthy, resilient consumer, though it remains generally cautious on the near-term risk/reward for most stocks in the group as correction concerns become more prevalent, the analyst tells investors.