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.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSTR: