Core Viewpoint - UBS upgraded Expeditors International from Neutral to Buy, raising the price target to $166 due to productivity improvements and revenue resilience despite lower ocean freight rates [1] Group 1: Financial Projections - UBS increased its 2027 EPS estimate for Expeditors to $6.90 per share from $6.58, which is above the consensus of $6.39, reflecting initial efficiency benefits [2] - Analysts modeled a 4% rebound in net revenue for Expeditors [2] Group 2: Valuation Insights - At 24x projected earnings, Expeditors' current valuation implies roughly $950 million in EBIT for 2027, compared to UBS's forecast of $1.13 billion, indicating the stock is undervalued [3] - Investor sentiment remains cautious due to weak ocean pricing, with most analysts maintaining Neutral or Sell ratings [3] Group 3: Long-term Potential - UBS highlighted the long-term potential for Expeditors to achieve significant productivity gains through technology integration and process optimization [1]