TD Cowen lowered the firm’s price target on Landstar System (LSTR) to $174 from $176 and keeps a Hold rating on the shares. The firm said the company 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.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSTR: