BB&T Capital Markets Reiterates Landstar System (LSTR) Buy Rating
March 02, 2010 8:46 AM
BB&T Capital Markets analysts Thom Albrecht, Neal Deaton, A. Rhem Wood Jr. and John R. Mims reiterated their Buy rating for shares of Landstar System, Inc. (Nasdaq: LSTR) with a price target of $46.
The BB&T Capital Markets analysts wrote a positive report on Landstar System but noted that the company was cautious regarding the current quarter, due to concerns about how weather might affect the bottom line.
The analysts referred to a Landstar System conference call with analysts when they wrote that, "overall, we believe LSTR’s tone was positive, although they are likely being a bit conservative given weather issues in Q1’10. Our sense is that other carriers will exhibit the same cautiousness regarding EPS thoughts as weather (Q1’10) and pricing (still negative in Q2’10) linger. LSTR just gets to step out first and make themselves vulnerable ahead of others."
