NEW YORK (TheStreet) -- Shares of Expeditors International of Washington Inc. (EXPD) are down 1.98% to $43.51 in early afternoon trading after the company was downgraded to "underperform" from "neutral" at Credit Suisse earlier on Wednesday.
The firm set a price target of $41 for the logistics services provider, down from its previous mark of $43.
Credit Suisse said it lowered the company's rating because the company faces multiple growth headwinds.
Must Read: Warren Buffett's 25 Favorite Stocks
"We believe that a combination of structural and cyclical headwinds will crimp earnings growth at EXPD for the foreseeable future," said analysts at Credit Suisse.
Separately, TheStreet Ratings team rates EXPEDITORS INTL WASH INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate EXPEDITORS INTL WASH INC (EXPD) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."