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Non-Tech : Expeditors Int'l (EXPD) -- Ignore unavailable to you. Want to Upgrade?

To: Carl Yee who wrote (33)	5/22/1998 3:30:00 PM
From: Carl Yee	Read Replies (2) \| Respond to of 87

RESEARCH ALERT-Gruntal raises Expeditors CHICAGO, May 22 (Reuters) - Gruntal & Co. said Friday it upgraded Expeditors International of Washington Inc. to strong buy from buy. -- Says in report sees few repercussions from the Asian economic crisis and that the economic slowdown there has had little impact on Expeditors. -- Says company is global leader in time-definite services, with ''outstanding'' management. -- Says company remains poised for international and domestic growth, and may open 14 to 16 more full-service offices this year most likely in Europe and North America. -- Sees double digit revenue growth in the second quarter and has a 12-month stock price target of $50, which is 25 times its 1999 earnings per share estimate of $2.