Wells Fargo analyst Christian Wetherbee initiated coverage of Landstar System (LSTR) with an Equal Weight rating and $145 price target The firm see signs of tightening in the truckload market but less positivity in demand. As a result, Landstar’s risk/reward appears balanced in the near-term, the analyst tells investors in a research note. Wells says the company is leveraged to an improving rate cycle in truckload which has yet to play out.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSTR:
- Landstar System Declares Special Cash Dividend
- Landstar System board declares special one-time dividend of $2.00 per share
- Landstar System: Hold Rating Amid Challenging Market Conditions and Financial Setbacks
- Landstar System Expands Board with New Appointments
- Landstar System names Barr Blanton, Melanie Housey Hart to board