Landstar System price target lowered to $186 from $200 at Baird

Baird lowered the firm’s price target on Landstar System to $186 from $200 and keeps a Neutral rating on the shares. The firm said results were better than feared, after seeing the rough truckload pricing/demand trends in peer reports. Though seasonal outperformance faded in March, reemerging seasonal demand patterns in April are more encouraging.