JP Morgan Initiates Coverage On Landstar System with Neutral Rating, Announces Price Target of $186
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has initiated coverage on Landstar System (NASDAQ:LSTR) with a Neutral rating and set a price target of $186 for the company's stock.

December 11, 2023 | 11:16 am
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Landstar System has been given a Neutral rating by JP Morgan with a price target of $186.
The initiation of coverage by a major bank like JP Morgan typically brings a stock into focus for investors. A Neutral rating suggests that the analyst sees the stock performing in line with the market or sector, indicating no significant expected outperformance or underperformance. The price target of $186 provides a reference point for investors, but since it is not a bullish or bearish rating, the short-term impact on the stock price is likely to be muted unless the price target represents a significant deviation from the current trading price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100