Landstar System price target lowered to $180 from $190 at Stephens

Stephens lowered the firm’s price target on Landstar System (LSTR) to $180 from $190 and keeps an Equal Weight rating on the shares as the challenging freight market continues to hamper results and BCO count continues to sequentially decline. The firm continues to believe shares will remain range-bound until volumes increase more materially, the analyst tells investors in a post-Q3 note.