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Fly News Breaks for June 10, 2016
EXPD
Jun 10, 2016 | 09:11 EDT
Cleveland Research said demand trends remain weak for for ocean and airfreight as shippers contend with high inventories and inconsistent end-market demand. The firm sees Expeditors 2016 earnings at $2.30, versus consensus of $2.37, due to slowing demand and normalizing margins. Cleveland rates Expeditors a Neutral.
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