Update: Morgan Keegan Raising Price Target On Expeditors International Of Washington Inc. (EXPD)

Morgan Keegan is raising its price target on shares of Expeditors International Of Washington Inc. EXPD to $59 from $56, and it has a Market Perform rating on shares following earnings. In a note to investors, Morgan Keegan writes, "We raised our 2011 estimate to $1.88 from $1.76 per share based on the Q1 beat and our revised expectations. We also raised our 2012 estimate to $2.13 from $2.00 per share. We maintain our Market Perform rating at this time while raising our Price Target from $56 to $59." Shares of EXPD are up 52 cents to $53.59, a gain of 1% this morning.