JPMorgan lowered the firm’s price target on Landstar System (LSTR) to $138 from $139 and keeps a Neutral rating on the shares. The firm updated transportation and logistics estimates and price targets as part of a Q2 earnings preview. JPMorgan reduced estimates across the board, saying tariffs and trade policy uncertainty has persisted while spot truckload rates went down before bouncing back around the July 4 holiday.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSTR:
- Landstar System resumed with an Outperform at Baird
- Landstar System price target raised to $125 from $120 at Susquehanna
- Landstar System initiated with an Equal Weight at Barclays
- Landstar System Stockholders Reject Executive Compensation Plan
- Balanced Outlook on Landstar System Amid Insurance Challenges and Market Uncertainties