TD Cowen lowered the firm’s price target on Landstar System (LSTR) to $145 from $161 and keeps a Hold rating on the shares. The firm noted the company showcased its agent network in Florida this week, laid out strategic initiatives, and updated its expectations in Q1. Similar to what has been heard from other carriers, March is trending below seasonality. Also, a multi-year fraud effort was disclosed as the industry continues to battle this growing theme.
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