Landstar System resumed with an Outperform at Baird

Baird resumed coverage of Landstar System (LSTR) with an Outperform rating and $166 price target The firm is resuming coverage on the trucking, logistics and rail sectors with “a constructive, but balanced view” of the near-term headwinds, risks and earning prospects. The conditions that “typically precede a turn are largely in place,” but how the remainder of 2025 unfolds remains uncertain, the analyst tells investors.