Landstar System price target lowered to $149 from $154 at UBS

UBS analyst Thomas Wadewitz lowered the firm’s price target on Landstar System (LSTR) to $149 from $154 and keeps a Neutral rating on the shares. Landstar’s Q2 EPS was below the firm’s estimated $1.28 per share, while revenue was 100 basis points below the firm’s forecast due to van equipment and unsided/platform equipment sales, the analyst tells investors in a research note.