Landstar System (LSTR) stock plummeted 5.03% in intraday trading on Thursday, following an earnings miss and market challenges that prompted analysts to lower their price targets.
TD Cowen lowered its price target on Landstar System to $161 from $163, while maintaining a Hold rating on the shares. The firm cited the company's disappointing earnings results and challenging market conditions as reasons for the downgrade.
Analyst Jason Seidl from TD Cowen reiterated a Hold rating on Landstar System, highlighting the cautious outlook for the company amid the earnings miss and market challenges.
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