Evercore ISI raised the firm’s price target on Landstar System (LSTR) to $151 from $125 and keeps an In Line rating on the shares. The firm believes the bull case for EPS growth over the next two years is largely priced into most Transport stocks after the group has run on heavy sector rotation and early-cycle excitement. On the other hand, emerging demand risks that could push a true recovery further to the right have an exacerbated impact on lowering EPS forecasts while also resulting in multiple compression, the analyst tells investors in a research note.
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Read More on LSTR:
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