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Non-Tech : Expeditors Int'l (EXPD)
EXPD 122.46+0.5%Nov 3 9:30 AM EST

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To: JakeStraw who started this subject3/4/2004 10:36:46 AM
From: JakeStraw   of 87
 
RESEARCH ALERT - Bear Stearns lifts Expeditors rating
Tuesday March 2, 11:58 am ET
biz.yahoo.com

MIAMI, March 2 (Reuters) - Bear Stearns said on Tuesday it raised its investment rating on Expeditors International of Washington (NasdaqNM:EXPD) to "peer perform" from "underperform", describing the U.S. transport group as undervalued.

"We are raising our rating on (Expeditors) ... based on valuations (the stock has underperformed the group and the market for almost two years) and improving airfreight capacity out of Asia," analyst Edward Wolfe said in a research note.
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