UPDATE: Goldman Sachs Downgrades Expeditors International of Washington on Shift in Strategy

In a report published Wednesday, Goldman Sachs analyst Tom Kim downgraded the rating on Expeditors International of Washington (NASDAQ: EXPD ) from Buy to Neutral, and lowered the price target from $49.00 to $45.00. In the report, Goldman Sachs noted, “We downgrade EXPD stock to Neutral from Buy. In its