Landstar System price target lowered to $158 from $165 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Landstar System to $158 from $165 and keeps a Sell rating on the shares. The firm decreased its FY24 EPS view to $5.95 from $6.05 as it expects the recovery in truckload to be pushed further into 2025 rather than in Q4 and it expects sub-seasonal volumes and revenue per load to continue.

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