Evercore ISI analyst Jonathan Chappell lowered the firm’s price target on Landstar System (LSTR) to $125 from $132 and keeps an In Line rating on the shares. Despite a few modest upward adjustments, transports are facing a challenging environment with weak volumes and stagnant pricing in TL and intermodal remaining hurdles and multiple downward estimate revisions for Q3 and beyond, the analyst tells investors in a note on the surface transportation group.
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