Stifel analyst J. Bruce Chan lowered the firm’s price target on Landstar System to $178 from $184 and keeps a Hold rating on the shares. While the comps were "tough" in Q1 2023 compared to Q1 2022, the Landstar’s best financial quarter, the company still managed a "healthy" earnings print, the analyst tells investors. The stock is not particularly cheap, but a mix of asset-light earnings resiliency with early exposure to a cycle recovery makes this an "interesting stock to watch," Stifel says.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on LSTR:
- Landstar System price target lowered to $155 from $170 at Susquehanna
- Landstar System sees Q2 EPS $1.90-$2.00, consensus $2.18
- Landstar System reports Q1 EPS $2.17, consensus $2.07
- Landstar System Reports First Quarter Revenue Of $1.436B And First Quarter Diluted Earnings Per Share Of $2.17
- LODESTAR BATTERY METALS. ACQUIRES NEW CLAIMS AND REPORTS EXPLORATION RESULTS AT ITS PENY PROJECT IN THE SNOW LAKE DISTRICT, MANITOBA
