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.
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