Susquehanna lowered the firm’s price target on Landstar System to $160 from $165 and keeps a Neutral rating on the shares. The firm said they see rising investor concern around the company’s long-successful model during this deep downcycle, but they agree with new CEO Frank Lonegro that it’s premature to make big changes before seeing if a fresh cyclical tailwind solves it.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSTR:
Questions or Comments about the article? Write to editor@tipranks.com