Truist Securities Maintains Hold on Landstar System, Lowers Price Target to $175
Truist Securities analyst Lucas Servera maintains Landstar System (NASDAQ:LSTR) with a Hold and lowers the price target from $185 to $175.
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Wells Fargo Maintains Overweight on Landstar System, Lowers Price Target to $225
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JP Morgan Maintains Neutral on Landstar System, Lowers Price Target to $181
JP Morgan analyst Brian Ossenbeck maintains Landstar System (NASDAQ:LSTR) with a Neutral and lowers the price target from $204 to $181.
Shares of logistics and freight-related companies are trading lower after C.H. Robinson announced it will acquire RXO at an implied value of $5.8 billion, which may lead to more competition and lower margins for freight operators. Also, high diesel prices continue to weigh on the sector with the Trump administration slow to set policy to address the U.S. distillates shortage.