As previously reported, Wells Fargo analyst Christian Wetherbee upgraded Landstar System (LSTR) to Overweight from Equal Weight with a price target of $170, up from $145. Entering 2026, the firm thinks an incrementally more offensive approach to the group with a greater focus on early cycle makes sense. Wells sees two themes emerging in 2026, namely the long-awaited TL recovery led by supply and rail M&A and its implications. The firm further believes continued spot rate improvement is possible as TL capacity is rationalized and demand is consistent/improves. Landstar is highly exposed to spot, and Wells sees upside to estimates beyond Q1.
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Read More on LSTR:
- Landstar System upgraded to Overweight from Equal Weight at Wells Fargo
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