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Morgan Stanley Sticks to Its Hold Rating for Landstar System (LSTR)

Tipranks - Tipranks - Fri Feb 13, 6:58AM CST

Morgan Stanley analyst Ravi Shanker maintained a Hold rating on Landstar System today and set a price target of $135.00.

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According to TipRanks, Shanker is a 3-star analyst with an average return of 0.9% and a 50.51% success rate. Shanker covers the Industrials sector, focusing on stocks such as Delta Air Lines, Knight Transportation, and JetBlue Airways.

In addition to Morgan Stanley, Landstar System also received a Hold from J.P. Morgan’s Brian Ossenbeck in a report issued on February 2. However, on January 30, Robert W. Baird maintained a Buy rating on Landstar System (NASDAQ: LSTR).

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Based on Landstar System’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $1.21 billion and a net profit of $19.36 million. In comparison, last year the company earned a revenue of $1.22 billion and had a net profit of $50.03 million

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