Goldman Sachs Downgrades Landstar System (LSTR) to Sell

Goldman Sachs downgraded Landstar System (NASDAQ: LSTR) from Neutral to Sell with a price target of $52 (from $58).

The firm expects shares to underperform the sector and peers over the next 12 months saying "asset owners will generate earnings outperformance due to their operating leverage."

For an analyst ratings summary and ratings history on Landstar System click here. For more ratings news on Landstar System click here.

Shares of Landstar System closed at $53.49 yesterday.

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