These Analysts Increase Their Forecasts On Landstar System Following Strong Q1 Results
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Landstar System Inc (NASDAQ:LSTR) reported strong Q1 earnings of $1.16 per share, surpassing estimates of $1.12, and sales of $1.171 billion, exceeding the $1.156 billion forecast. Following the results, the stock rose 2.4% to $186.82. Analysts adjusted their price targets: Stifel raised to $175, Truist to $190, Susquehanna to $195, and Evercore ISI to $181, all maintaining their ratings. CEO Frank Lonegro highlighted improved performance due to a strengthening rate environment and commitment to safety and service.
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