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By Mike Weir
Investors in Expeditors International will have done well to ignore broker advice over the past few years.
The US West Coast forwarder – currently trading close to an all-time high of $94 – has been a “SELL” for most analysts for the past three years, yet its stock rarely dips below the consensus target price ($91.3). Meanwhile, stamping on it a fair value above $70, according to Premium calculations, still requires some creative thinking.
The stock is clearly propped up by broader market strength but it ...
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