UPDATE: Baird Downgrades Landstar System (LSTR) to Neutral

May 11, 2021 5:27 AM EDT
Get Alerts LSTR Hot Sheet
Price: $160.70 +1.16%

Rating Summary:
    0 Buy, 23 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 7 | New: 46
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(Updated - May 11, 2021 6:30 AM EDT)

Baird analyst Benjamin Hartford downgraded Landstar System (NASDAQ: LSTR) from Outperform to Neutral, PT $182.00.

The analyst comments "After the strong YTD outperformance and positive EPS revisions, investors should increasingly favor names which benefit from structural changes in demand and offer company-specific opportunities to improve profitability and drive market share gains. Top ideas FDX/NSC among large-caps and HUBG/KNX among the smid-caps are consistent with this view and still offer attractive upside. However, we would selectively reduce exposure where cyclical momentum is more fully reflected in estimates/valuations and are downgrading LSTR/HTLD to Neutral today."

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 $180.52 yesterday.

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