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Stifel Nicolaus Issues Positive Forecast for Landstar System (NASDAQ:LSTR) Stock Price
Stifel Nicolaus has raised its price target for Landstar System (NASDAQ:LSTR) from $145 to $147, while maintaining a “hold” rating, suggesting a potential downside of 9.21% from its previous close. Despite this, the stock is trading near its 52-week high at $161.92, with other analysts also holding a “hold” consensus and an average price target of $153. Institutional investors hold a significant 97.95% of the company’s stock, with several increasing their positions in the fourth quarter.