Airfreight and AI Infrastructure Boost Expeditors’ (EXPD) Outlook, According to BofA

Core Insights - Expeditors International of Washington, Inc. (NYSE:EXPD) is recognized as one of the 15 High Quality Dividend Stocks for Long-Term Investors [1] - Bank of America (BofA) raised its price target for Expeditors to $150 from $142 while maintaining a Neutral rating, citing stronger-than-expected demand in Customs and Airfreight [2] - The company reported a significant increase in airfreight tonnage, particularly from North and South Asia, and expanded its presence in strategic sectors such as technology, pharmaceuticals, and aviation [3] - Expeditors repurchased $212 million of common stock and returned $725 million to shareholders year-to-date through share buybacks and dividends [4] Financial Performance - BofA maintained an "above-Street" Q4 EPS estimate at $1.49 and increased its FY26 EPS forecast by 3% to $6.50 [2] - The company has returned a total of $725 million to shareholders through share buybacks and dividends in the current year [4] Market Position - Expeditors is benefiting from significant investments by technology customers in artificial intelligence infrastructure, which is expected to enhance its market position [3]