Susquehanna analyst Bascome Majors raised the firm’s price target on Landstar System (LSTR) to $125 from $120 and keeps a Neutral rating on the shares as part of a Q2 earnings preview. The truckload backdrop “looks better than feared, but still tough,” 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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSTR:
- Landstar System initiated with an Equal Weight at Barclays
- Landstar System Stockholders Reject Executive Compensation Plan
- Balanced Outlook on Landstar System Amid Insurance Challenges and Market Uncertainties
- Landstar System Inc. Earnings Call: Mixed Results and Cautious Outlook
- Landstar System: Hold Rating Amidst Operational Challenges and Market Uncertainties