Landstar System (LSTR) PT Lowered to $174 at TD Cowen

TD Cowen analyst Jason Seidl lowered the price target on Landstar System (NASDAQ: LSTR) to $174.00 (from $176.00) while maintaining a Hold rating.

The analyst commented, "LSTR missed 3Q estimates and midpoint of 4Q guidance points to a sequential earnings decline, as mgmt tempers hopes for peak season and hurricane tailwinds prove de minimus. BCO count is expected to decline again in Q4. Medium-term tailwinds offer support to platform segment as rebuild planning begins, though timing and magnitude remain unclear. PT to $174, reiterate Hold."

You May Also Be Interested In

• LeonaBio (LONA) Price Target Cut to $17 by Citizens Amid Pipeline Development
• Jefferies Starts Aditya Birla Real Estate (ABREL:IN) at Buy
• Jefferies Downgrades Aegis Vopak Terminals (AEGISVOP:IN) to Hold