Landstar System price target lowered to $140 from $147 at Stifel

Stifel analyst J. Bruce Chan lowered the firm’s price target on Landstar System (LSTR) to $140 from $147 and keeps a Hold rating on the shares. Rounding out earnings season, Landstar was subject to the same pressures affecting the rest of the group and while the company “has a very efficient mousetrap,” the firm sees better risk/reward opportunities at the current valuation, the analyst tells investors.