Morgan Stanley Upgrades Landstar System to Equal-Weight, Raises Price Target to $140
Morgan Stanley analyst Ravi Shanker upgrades Landstar System (NASDAQ:LSTR) from Underweight to Equal-Weight and raises the price target from $120 to $140.
Deutsche Bank Maintains Hold on Landstar System, Lowers Price Target to $182
Deutsche Bank analyst Amit Mehrotra maintains Landstar System (NASDAQ:LSTR) with a Hold and lowers the price target from $189 to $182.
Landstar System Q3 EPS $2.76 Misses $2.77 Estimate, Sales $1.82B Beat $1.81B Estimate
Landstar System (NASDAQ:LSTR) reported quarterly earnings of $2.76 per share which missed the analyst consensus estimate of $2.77 by 0.36 percent. This is a 6.98 percent increase over earnings of $2.58 per share from the
Benchmark Initiates Coverage On Landstar System with Hold Rating
Benchmark analyst Christopher Kuhn initiates coverage on Landstar System (NASDAQ:LSTR) with a Hold rating.
Large Carriers Still Constructive On 2nd Half
Commentary from management teams in the trucking industry so far through second-quarter earnings season points to a favorable conclusion to 2022. While the spot market has loosened significantly since March and rates have dropped, large carriers with heavy exposure to contractual freight are only seeing modest changes in demand.
Susquehanna Maintains Neutral on Landstar System, Lowers Price Target to $153
Susquehanna analyst Bascome Majors maintains Landstar System (NASDAQ:LSTR) with a Neutral and lowers the price target from $155 to $153.
Earnings Scheduled For July 20, 2022
Companies Reporting Before The Bell
• Wipro (NYSE:WIT) is projected to report quarterly earnings at $0.08 per share on revenue of $2.80 billion.
Wells Fargo Maintains Equal-Weight on Landstar System, Lowers Price Target to $147
Wells Fargo analyst Allison Poliniak Cusic maintains Landstar System (NASDAQ:LSTR) with a Equal-Weight and lowers the price target from $165 to $147.