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."

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