TD Cowen lowered the firm’s price target on Landstar System (LSTR) to $145 from $161 and keeps a Hold rating on the shares. The firm noted the company showcased its agent network in Florida this week, laid out strategic initiatives, and updated its expectations in Q1. Similar to what has been heard from other carriers, March is trending below seasonality. Also, a multi-year fraud effort was disclosed as the industry continues to battle this growing theme.
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Read More on LSTR:
- Landstar System’s Financial Outlook Challenged by Fraud and Rising Expenses, Hold Rating Maintained
- Closing Bell Movers: Futures swoon as Trump unveils tariff plan
- Landstar System cuts Q1 EPS view to 90c-95c from $1.05-$1.25
- Landstar System price target lowered to $130 from $150 at Susquehanna
- Landstar System initiated with a Hold at Truist
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