Susquehanna analyst Bascome Majors raised the firm’s price target on Landstar System to $170 from $162 and keeps a Neutral rating on the shares. The firm said they reported iline earnings and the 1Q outlook feels appropriately conservative, and they believe consensus can move to a realistic trough range in the next three to four months.
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Read More on LSTR:
- Landstar System Q4 Fiscal 2023 Results Investor Briefing
- Landstar System Reports Fourth Quarter Revenue of $1.204B and Earnings Per Share of $1.62
- Landstar System sees Q1 EPS $1.25-$1.35, consensus $1.63
- Landstar System sees Q1 revenue $1.1B-$1.15B, consensus $1.21B
- Landstar System reports Q4 EPS $1.62, consensus $1.62
