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UPDATE: Credit Suisse Reiterates On Landstar Systems On Mid-Quarter Update

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In a report published Friday, Credit Suisse analyst Allison M. Landry reiterated a Neutral rating on Landstar System (NASDAQ: LSTR), and raised the price target from $75.00 to $77.00.

In the report, Credit Suisse noted, “We have slightly increased our FY14 EPS estimate to $3.03 from $3.01. Our FY15 and FY16 EPS forecasts rise to $3.44 and $3.81 from $3.39 and $3.77, respectively. Our DCF-derived target price increases to $77 (from $75), due to higher base year (2015) EBIT. Given that our new target price leaves ~1% downside in the stock, we maintain our Neutral rating.”

Landstar System closed on Thursday at $77.81.

Latest Ratings for LSTR

DateFirmActionFromTo
Apr 2021Deutsche BankMaintainsHold
Apr 2021Truist SecuritiesMaintainsHold
Apr 2021SusquehannaMaintainsNeutral

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Posted-In: Allison M. Landry Credit SuisseAnalyst Color Price Target Analyst Ratings

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