UPDATE: Credit Suisse Reiterates On Landstar System On Positive Q2 Forecast

In a report published Wednesday, Credit Suisse analyst Allison M. Landry reiterated a Neutral rating on

, and raised the price target from $60.00 to $63.00. In the report, Credit Suisse noted, “We slightly increased our 2Q14 EPS estimate to $0.78 (from $0.76) and our FY14 EPS forecast to $2.84 (from $2.82). Our FY15 and FY16 EPS estimates rise to $3.15 and $3.39, respectively, from $3.11 and $3.35. Our DCF-derived target price increases to $63 (from $60), due to higher base year EBIT and a lower discount rate. Maintain Neutral rating.” Landstar System closed on Tuesday at $64.36.