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Fly News Breaks for August 2, 2016
LSTR
Aug 2, 2016 | 06:59 EDT
Oppenheimer analyst Scott Schneeberger downgraded Landstar System to Perform citing valuation with the stock up 19% year-to-date and uncertain business conditions following the company's Q2 results. Landstar's business conditions "remain challenged in a currently soft freight market environment," Schneeberger tells investors in a post-earnings research note.
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