Stifel analyst J. Bruce Chan raised the firm’s price target on Landstar System (LSTR) to $147 from $140 and keeps a Hold rating on the shares as part of the firm’s Q4 truckload shippers preview. Awaiting the Q4 reports, supply-side dynamics “indeed look better than at any point since COVID” as spot rates increased more than 25% from October through year-end, which was more than any fourth quarter period in the past decade, the analyst tells investors.
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