Landstar: Hold Rating Maintained as Analyst Lifts Price Target to $175 Amid Early-Cycle Strength and Legal Uncertainty
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Analyst Jason Seidl of TD Cowen has maintained a Hold rating on Landstar System, raising the price target to $175. The decision is based on Landstar's strong Q1 performance and early Q2 data indicating improved pricing and demand. However, uncertainties, particularly regarding an upcoming Supreme Court decision affecting freight brokers, warrant a cautious stance. Barclays also holds a Hold rating with a $155 price target.
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