Stifel lowered the firm’s price target on Landstar System (LSTR) to $147 from $162 and keeps a Hold rating on the shares. The Truckload shipping market is “as close to equilibrium as any point since 2018-19, but against deteriorating demand fundamentals it won’t mean much for earnings,” says the analyst. For investors that are more optimistic for a cycle recovery, the firm sees better risk-adjusted opportunity in the “more fundamentally-sound” Less-than-Truckload group, the analyst added in a preview.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSTR:
- Hold Rating on Landstar System Amid Decreased Earnings Outlook and Sector Challenges
- Landstar System price target lowered to $150 from $170 at Jefferies
- Landstar System price target lowered to $120 from $130 at Susquehanna
- Landstar System price target lowered to $150 from $160 at Truist
- Landstar System price target lowered to $145 from $161 at TD Cowen
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue