Landstar System price target lowered to $160 from $165 at Susquehanna

Susquehanna lowered the firm’s price target on Landstar System to $160 from $165 and keeps a Neutral rating on the shares. The firm said they see rising investor concern around the company’s long-successful model during this deep downcycle, but they agree with new CEO Frank Lonegro that it’s premature to make big changes before seeing if a fresh cyclical tailwind solves it.