Stifel Maintains Hold Rating for Landstar System: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has maintained its Hold rating for Landstar System (NASDAQ:LSTR) but increased its price target from $165.00 to $171.00. Despite the new target suggesting a potential downside of 8.79% from the current price of $187.48, Landstar's stock is trading up by 0.84% over the last 24 hours. Landstar System is a logistics provider with a focus on domestic truck brokerage, which constitutes 90% of its revenue.
January 10, 2024 | 5:00 pm
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Stifel maintains a Hold rating on Landstar System with a raised price target of $171, indicating a potential decrease from the current price of $187.48.
The new price target set by Stifel is below the current trading price, which could lead investors to anticipate a potential decrease in the stock's value in the short term. However, the Hold rating indicates that Stifel does not see significant downside risk or upside potential at this time.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100