Stifel Maintains Hold on Landstar System, Raises Price Target to $171
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan has maintained a Hold rating on Landstar System (NASDAQ:LSTR) and increased the price target from $165 to $171.
January 10, 2024 | 3:42 pm
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Stifel analyst J. Bruce Chan reaffirms a Hold rating on Landstar System and raises the price target to $171, indicating a potential upside from the previous target of $165.
The increase in price target by Stifel suggests a positive outlook on the company's future performance, which could be seen as a bullish signal. However, since the rating remains a Hold, the immediate impact on the stock price may be neutral as the market absorbs the information. The Hold rating implies that the analyst believes the stock is fairly valued at its current price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80