Evercore ISI lowered the firm’s price target on Landstar System to $178 from $180 and keeps an In Line rating on the shares. The firm is cutting estimates “nearly across the board again” in the surface transportation group for Q3, Q4 and FY24 as the demand rebound “seems further delayed and may remain more muted than in prior cycles, at least in the early stages,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LSTR:
- Landstar System price target lowered to $175 from $196 at Susquehanna
- Adobe upgraded, BorgWarner downgraded: Wall Street’s top analyst calls
- Landstar System initiated with a Neutral at UBS
- Apollo leads bankruptcy loan deal for trucking company Yellow, Bloomberg says
- Landstar System price target raised to $210 from $200 at Stephens