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Recommendations
Landstar System price target raised to $120 from $100 at Deutsche Bank » 07:21
10/26/20
10/26
07:21
10/26/20
07:21
LSTR

Landstar System

$132.00 /

+0.46 (+0.35%)

Deutsche Bank analyst…

Deutsche Bank analyst Amit Mehrotra raised the firm's price target on Landstar System to $120 from $100 and keeps a Hold rating on the shares.

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LSTR Landstar System
$132.00 /

+0.46 (+0.35%)

LSTR Landstar System
$132.00 /

+0.46 (+0.35%)

10/02/20
Fly Intel: Top five analyst downgrades
10/02/20 Susquehanna
Landstar System downgraded to Neutral at Susquehanna
10/02/20 Susquehanna
Landstar System downgraded to Neutral from Positive at Susquehanna
09/24/20 Truist
Landstar System price target raised to $130 from $120 at Truist
LSTR Landstar System
$132.00 /

+0.46 (+0.35%)

Over a month ago
Earnings
Landstar System sees Q4 EPS $1.61 -$1.71, consensus $1.45 » 16:27
10/21/20
10/21
16:27
10/21/20
16:27
LSTR

Landstar System

$127.41 /

-0.89 (-0.69%)

Sees Q4 revenue $1.15B-…

Sees Q4 revenue $1.15B- $1.2B, consensus $1.06B.

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LSTR Landstar System
$127.41 /

-0.89 (-0.69%)

LSTR Landstar System
$127.41 /

-0.89 (-0.69%)

10/02/20
Fly Intel: Top five analyst downgrades
10/02/20 Susquehanna
Landstar System downgraded to Neutral at Susquehanna
10/02/20 Susquehanna
Landstar System downgraded to Neutral from Positive at Susquehanna
09/24/20 Truist
Landstar System price target raised to $130 from $120 at Truist
LSTR Landstar System
$127.41 /

-0.89 (-0.69%)

Earnings
Landstar System reports Q3 EPS $1.61, consensus $1.37 » 16:24
10/21/20
10/21
16:24
10/21/20
16:24
LSTR

Landstar System

$127.41 /

-0.89 (-0.69%)

Reports Q3 revenue…

Reports Q3 revenue $1.09B, consensus $1.02B. "Landstar entered the third quarter of 2020 facing one of the most unpredictable and challenging freight environments in the Company's history," said Landstar President and Chief Executive Officer Jim Gattoni. "In our second quarter earnings release dated July 22, 2020, we provided third quarter guidance anticipating a decrease in a mid single-digit range on a year-over-year basis for both truck volume and price. Through the first few weeks of fiscal July, the number of loads and revenue per load on loads hauled via truck were each below the corresponding period of 2019 in a mid single-digit percentage range. We closed fiscal July with truckload volumes and revenue per load on loads hauled via truck down only 1% and 2%, respectively, compared to fiscal July 2019. In the first week of the Company's fiscal August period, the number of loads and revenue per load on loads hauled via truck both turned positive on a weekly basis compared to the corresponding week of 2019. Landstar continued to experience gradual improvement in the number of loads and revenue per load on loads hauled via truck on a sequential basis through August 2020. Moreover, on a year-over

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LSTR Landstar System
$127.41 /

-0.89 (-0.69%)

LSTR Landstar System
$127.41 /

-0.89 (-0.69%)

10/02/20
Fly Intel: Top five analyst downgrades
10/02/20 Susquehanna
Landstar System downgraded to Neutral at Susquehanna
10/02/20 Susquehanna
Landstar System downgraded to Neutral from Positive at Susquehanna
09/24/20 Truist
Landstar System price target raised to $130 from $120 at Truist
LSTR Landstar System
$127.41 /

-0.89 (-0.69%)

Earnings
Landstar System reports Q3 EPS $1.61, consensus $1.37 » 16:23
10/21/20
10/21
16:23
10/21/20
16:23
LSTR

Landstar System

$127.41 /

-0.89 (-0.69%)

Reports Q3 revenue…

Reports Q3 revenue $1.09B, consensus $1.02B. "Landstar entered the third quarter of 2020 facing one of the most unpredictable and challenging freight environments in the Company's history," said Landstar President and Chief Executive Officer Jim Gattoni. "In our second quarter earnings release dated July 22, 2020, we provided third quarter guidance anticipating a decrease in a mid single-digit range on a year-over-year basis for both truck volume and price. Through the first few weeks of fiscal July, the number of loads and revenue per load on loads hauled via truck were each below the corresponding period of 2019 in a mid single-digit percentage range. We closed fiscal July with truckload volumes and revenue per load on loads hauled via truck down only 1% and 2%, respectively, compared to fiscal July 2019. In the first week of the Company's fiscal August period, the number of loads and revenue per load on loads hauled via truck both turned positive on a weekly basis compared to the corresponding week of 2019. Landstar continued to experience gradual improvement in the number of loads and revenue per load on loads hauled via truck on a sequential basis through August 2020. Moreover, on a year-over

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LSTR Landstar System
$127.41 /

-0.89 (-0.69%)

LSTR Landstar System
$127.41 /

-0.89 (-0.69%)

10/02/20
Fly Intel: Top five analyst downgrades
10/02/20 Susquehanna
Landstar System downgraded to Neutral at Susquehanna
10/02/20 Susquehanna
Landstar System downgraded to Neutral from Positive at Susquehanna
09/24/20 Truist
Landstar System price target raised to $130 from $120 at Truist
LSTR Landstar System
$127.41 /

-0.89 (-0.69%)

Conference/Events
Stifel transportation/logistics analysts hold analyst/industry conference call » 10:59
10/09/20
10/09
10:59
10/09/20
10:59
CHRW

C.H. Robinson

$105.16 /

-0.9 (-0.85%)

, ECHO

Echo Global

$27.67 /

+0.04 (+0.14%)

, FDX

FedEx

$270.09 /

-1.01 (-0.37%)

, HUBG

Hub Group

$54.39 /

+0.48 (+0.89%)

, JBHT

J.B. Hunt

$135.29 /

+0.02 (+0.01%)

, LSTR

Landstar System

$131.98 /

+0.1 (+0.08%)

, R

Ryder

$47.24 /

+0.03 (+0.06%)

, ULH

Universal Logistics

$22.46 /

+0.15 (+0.67%)

, UPS

UPS

$173.64 /

-0.63 (-0.36%)

, XPO

XPO Logistics

$94.84 /

-1.1 (-1.15%)

Transportation &…

Transportation & Logistics Analysts Chan & Ross discuss 2020 third party logistics industry update and outlook on an Analyst/Industry conference call to be held on October 9 at 11 am.

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XPO XPO Logistics
$94.84 /

-1.1 (-1.15%)

UPS UPS
$173.64 /

-0.63 (-0.36%)

ULH Universal Logistics
$22.46 /

+0.15 (+0.67%)

R Ryder
$47.24 /

+0.03 (+0.06%)

LSTR Landstar System
$131.98 /

+0.1 (+0.08%)

JBHT J.B. Hunt
$135.29 /

+0.02 (+0.01%)

HUBG Hub Group
$54.39 /

+0.48 (+0.89%)

FDX FedEx
$270.09 /

-1.01 (-0.37%)

ECHO Echo Global
$27.67 /

+0.04 (+0.14%)

CHRW C.H. Robinson
$105.16 /

-0.9 (-0.85%)

CHRW C.H. Robinson
$105.16 /

-0.9 (-0.85%)

09/23/20 Wells Fargo
C.H. Robinson initiated with an Underweight at Wells Fargo
08/17/20 Baird
C.H. Robinson downgraded to Neutral at Baird
08/17/20 Baird
C.H. Robinson downgraded to Neutral from Outperform at Baird
07/30/20
Fly Intel: Top five analyst downgrades
ECHO Echo Global
$27.67 /

+0.04 (+0.14%)

07/24/20 Barrington
Echo Global price target raised to $30 from $22 at Barrington
07/17/20 Truist
SunTrust raises price targets in select Trucking/Logistics names
05/21/20 Stephens
Echo Global upgraded to Overweight on positive brokerage trends at Stephens
05/21/20 Stephens
Echo Global upgraded to Overweight from Equal Weight at Stephens
FDX FedEx
$270.09 /

-1.01 (-0.37%)

10/02/20 UBS
FedEx margin runway 'long', free cash flow 'improving', says UBS
09/28/20
Fly Intel: Top five analyst upgrades
09/28/20 Deutsche Bank
Deutsche upgrades FedEx to Buy on 'very strong' pricing power
09/28/20 Deutsche Bank
FedEx upgraded to Buy from Hold at Deutsche Bank
HUBG Hub Group
$54.39 /

+0.48 (+0.89%)

09/23/20 Wells Fargo
Hub Group initiated with an Overweight at Wells Fargo
08/10/20 Evercore ISI
Hub Group initiated with an In Line at Evercore ISI
07/15/20 Barclays
Hub Group price target raised to $45 from $41 at Barclays
07/09/20 JPMorgan
Hub downgraded to Neutral on slower recovery risk at JPMorgan
JBHT J.B. Hunt
$135.29 /

+0.02 (+0.01%)

10/02/20 Susquehanna
J.B. Hunt upgraded to Positive at Susquehanna
10/02/20 Susquehanna
J.B. Hunt upgraded to Positive from Neutral at Susquehanna
09/23/20 Wells Fargo
J.B. Hunt initiated with an Overweight at Wells Fargo
08/10/20 Evercore ISI
J.B. Hunt initiated with an Outperform at Evercore ISI
LSTR Landstar System
$131.98 /

+0.1 (+0.08%)

10/02/20
Fly Intel: Top five analyst downgrades
10/02/20 Susquehanna
Landstar System downgraded to Neutral at Susquehanna
10/02/20 Susquehanna
Landstar System downgraded to Neutral from Positive at Susquehanna
09/24/20 Truist
Landstar System price target raised to $130 from $120 at Truist
R Ryder
$47.24 /

+0.03 (+0.06%)

10/09/20 JPMorgan
Ryder upgraded to Neutral on rising prices at JPMorgan
10/09/20 JPMorgan
Ryder upgraded to Neutral from Underweight at JPMorgan
09/23/20 Wells Fargo
Ryder initiated with an Underweight at Wells Fargo
07/28/20 Mizuho
Wait for Bristol-Myers' bb2121 submission making some 'nervous,' says Mizuho
ULH Universal Logistics
$22.46 /

+0.15 (+0.67%)

04/02/20 Citi
Universal Logistics price target lowered to $13 from $22 at Citi
UPS UPS
$173.64 /

-0.63 (-0.36%)

10/02/20 Deutsche Bank
Deutsche boosts UPS target, sees Clipper interest as positive for XPO
09/28/20 KeyBanc
KeyBanc upgrades UPS to Overweight ahead of 'favorable commentary'
XPO XPO Logistics
$94.84 /

-1.1 (-1.15%)

10/08/20 Deutsche Bank
XPO selloff on labor concerns a buying opportunity, says Deutsche Bank
10/05/20 Deutsche Bank
XPO European sale could add $15 per share, says Deutsche Bank
09/23/20 Wells Fargo
XPO Logistics initiated with an Overweight at Wells Fargo
XPO XPO Logistics
$94.84 /

-1.1 (-1.15%)

UPS UPS
$173.64 /

-0.63 (-0.36%)

ULH Universal Logistics
$22.46 /

+0.15 (+0.67%)

R Ryder
$47.24 /

+0.03 (+0.06%)

LSTR Landstar System
$131.98 /

+0.1 (+0.08%)

JBHT J.B. Hunt
$135.29 /

+0.02 (+0.01%)

HUBG Hub Group
$54.39 /

+0.48 (+0.89%)

FDX FedEx
$270.09 /

-1.01 (-0.37%)

ECHO Echo Global
$27.67 /

+0.04 (+0.14%)

CHRW C.H. Robinson
$105.16 /

-0.9 (-0.85%)

XPO XPO Logistics
$94.84 /

-1.1 (-1.15%)

UPS UPS
$173.64 /

-0.63 (-0.36%)

FDX FedEx
$270.09 /

-1.01 (-0.37%)

XPO XPO Logistics
$94.84 /

-1.1 (-1.15%)

UPS UPS
$173.64 /

-0.63 (-0.36%)

JBHT J.B. Hunt
$135.29 /

+0.02 (+0.01%)

FDX FedEx
$270.09 /

-1.01 (-0.37%)

XPO XPO Logistics
$94.84 /

-1.1 (-1.15%)

UPS UPS
$173.64 /

-0.63 (-0.36%)

R Ryder
$47.24 /

+0.03 (+0.06%)

JBHT J.B. Hunt
$135.29 /

+0.02 (+0.01%)

FDX FedEx
$270.09 /

-1.01 (-0.37%)

ECHO Echo Global
$27.67 /

+0.04 (+0.14%)

CHRW C.H. Robinson
$105.16 /

-0.9 (-0.85%)

Downgrade
Fly Intel: Top five analyst downgrades » 09:51
10/02/20
10/02
09:51
10/02/20
09:51
DXCM

DexCom

$397.59 /

-16.69 (-4.03%)

, WIMHY

William Hill

$0.00 /

+ (+0.00%)

, AMAG

Amag Pharmaceuticals

$13.69 /

+0.06 (+0.44%)

, GD

General Dynamics

$136.37 /

-1.55 (-1.12%)

, LSTR

Landstar System

$123.51 /

-1.86 (-1.48%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. DexCom (DXCM) downgraded to Underweight from Equal Weight at Wells Fargo with analyst Larry Biegelsen saying the recent approval of Abbott's (ABT) Libre 3 in Europe will put downward pressure on DexCom's pricing at a faster rate than the Street models because Libre 3 further closes the gap between the two companies' continuous glucose monitoring technology. 2. William Hill (WIMHY) downgraded to Hold from Buy at Berenberg with analyst Jack Cummings saying he believes the 272 GBp per share bid from Caesars (CZR) will be accepted. 3. Amag Pharmaceuticals (AMAG) downgraded to Neutral from Buy at H.C. Wainwright with analyst Douglas Tsao saying the company entered into a definitive agreement to be acquired by Covis Group for $13.75 per share in cash. 4. General Dynamics (GD) downgraded to Neutral from Outperform at Baird with analyst Peter Arment saying channel checks on Gulfstream deliveries and backlog supports a stable outlook for deliveries but not a "material ramp" in the large cabin outlook for 2021. 5. Landstar System (LSTR) downgraded to Neutral from Positive at Susquehanna with analyst Bascome Majors saying the shares have sold off despite a positive pre-announcement but he said their model benefits most directly from spot rate inflation and he fears share risk earlier and lasting multiple compression when spot rates reach their apex. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, Reference Link

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WIMHY William Hill
$0.00 /

+ (+0.00%)

LSTR Landstar System
$123.51 /

-1.86 (-1.48%)

GD General Dynamics
$136.37 /

-1.55 (-1.12%)

DXCM DexCom
$397.59 /

-16.69 (-4.03%)

AMAG Amag Pharmaceuticals
$13.69 /

+0.06 (+0.44%)

DXCM DexCom
$397.59 /

-16.69 (-4.03%)

10/02/20 Wells Fargo
Wells downgrades DexCom to Underweight om pressure from Abbott
10/02/20 Wells Fargo
DexCom downgraded to Underweight from Equal Weight at Wells Fargo
09/29/20 Morgan Stanley
Size, timing of Libre 3 'positive surprises' for Abbott, says Morgan Stanley
09/28/20 Piper Sandler
Piper says DexCom's coming G7 introduction important as Abbott narrows gap
WIMHY William Hill
$0.00 /

+ (+0.00%)

10/02/20 Berenberg
Berenberg downgrades William Hill, expects bid to be accepted
10/02/20 Berenberg
William Hill downgraded to Hold from Buy at Berenberg
10/01/20 Jefferies
Caesars price target raised to $68 from $58 at Jefferies
09/30/20 Jefferies
Value opportunity in William Hill deal skewed toward Caesars, says Jefferies
AMAG Amag Pharmaceuticals
$13.69 /

+0.06 (+0.44%)

10/02/20 H.C. Wainwright
Amag Pharmaceuticals downgraded to Neutral from Buy at H.C. Wainwright
10/01/20 Piper Sandler
Amag Pharmaceuticals upgraded to Neutral from Underweight at Piper Sandler
08/19/20 Truist
Amag Pharmaceuticals price target raised to $10 from $7 at Truist
08/18/20
Fly Intel: Top five analyst downgrades
GD General Dynamics
$136.37 /

-1.55 (-1.12%)

10/02/20 Baird
Baird downgrades General Dynamics, sees no 'material' Gulfstream ramp
10/02/20 Baird
General Dynamics downgraded to Neutral from Outperform at Baird
10/01/20 Barclays
General Dynamics price target lowered to $165 from $170 at Barclays
10/01/20 Cowen
Textron downgraded to Market Perform from Outperform at Cowen
LSTR Landstar System
$123.51 /

-1.86 (-1.48%)

10/02/20 Susquehanna
Landstar System downgraded to Neutral at Susquehanna
10/02/20 Susquehanna
Landstar System downgraded to Neutral from Positive at Susquehanna
09/24/20 Truist
Landstar System price target raised to $130 from $120 at Truist
09/23/20 Wells Fargo
Landstar System initiated with an Equal Weight at Wells Fargo
LSTR Landstar System
$123.51 /

-1.86 (-1.48%)

GD General Dynamics
$136.37 /

-1.55 (-1.12%)

DXCM DexCom
$397.59 /

-16.69 (-4.03%)

AMAG Amag Pharmaceuticals
$13.69 /

+0.06 (+0.44%)

WIMHY William Hill
$0.00 /

+ (+0.00%)

GD General Dynamics
$136.37 /

-1.55 (-1.12%)

DXCM DexCom
$397.59 /

-16.69 (-4.03%)

WIMHY William Hill
$0.00 /

+ (+0.00%)

GD General Dynamics
$136.37 /

-1.55 (-1.12%)

DXCM DexCom
$397.59 /

-16.69 (-4.03%)

AMAG Amag Pharmaceuticals
$13.69 /

+0.06 (+0.44%)

GD General Dynamics
$136.37 /

-1.55 (-1.12%)

Downgrade
Landstar System downgraded to Neutral at Susquehanna » 08:35
10/02/20
10/02
08:35
10/02/20
08:35
LSTR

Landstar System

$125.15 /

-0.53 (-0.42%)

As reported previously,…

As reported previously, Susquehanna analyst Bascome Majors downgraded Landstar System to Neutral from Positive with a price target of $137, down from $141. The analyst noted the shares have sold off despite a positive pre-announcement but he said their model benefits most directly from spot rate inflation and he fears share risk earlier and lasting multiple compression when spot rates reach their apex.

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LSTR Landstar System
$125.15 /

-0.53 (-0.42%)

LSTR Landstar System
$125.15 /

-0.53 (-0.42%)

10/02/20 Susquehanna
Landstar System downgraded to Neutral from Positive at Susquehanna
09/24/20 Truist
Landstar System price target raised to $130 from $120 at Truist
09/23/20 Wells Fargo
Landstar System initiated with an Equal Weight at Wells Fargo
08/26/20
Fly Intel: Top five analyst downgrades
LSTR Landstar System
$125.15 /

-0.53 (-0.42%)

Downgrade
Landstar System downgraded to Neutral from Positive at Susquehanna » 05:51
10/02/20
10/02
05:51
10/02/20
05:51
LSTR

Landstar System

$125.15 /

-0.53 (-0.42%)

Susquehanna analyst…

Susquehanna analyst Bascome Majors downgraded Landstar System to Neutral from Positive.

ShowHide Related Items >><<
LSTR Landstar System
$125.15 /

-0.53 (-0.42%)

LSTR Landstar System
$125.15 /

-0.53 (-0.42%)

09/24/20 Truist
Landstar System price target raised to $130 from $120 at Truist
09/23/20 Wells Fargo
Landstar System initiated with an Equal Weight at Wells Fargo
08/26/20
Fly Intel: Top five analyst downgrades
08/26/20 Stifel
Landstar System downgraded to Hold on valuation at Stifel
LSTR Landstar System
$125.15 /

-0.53 (-0.42%)

Recommendations
Landstar System price target raised to $130 from $120 at Truist » 07:06
09/24/20
09/24
07:06
09/24/20
07:06
LSTR

Landstar System

$126.71 /

-0.34 (-0.27%)

Truist analyst Stephanie…

Truist analyst Stephanie Benjamin raised the firm's price target on Landstar System to $130 from $120 but keeps a Hold rating on the shares as part of her broader research note on Trucking & Logistics. The analyst anticipates a "favorable" freight environment given the trends of "record" retail sales in August, declining inventory levels as of July, expansionary ISM manufacturing for the past 3 months, and a positive inflection in import activity across the major U.S. ports. Benjamin adds that following a "less bad" than expected revenue trends in Q2, economic indicators and her conversations with private companies suggest that Q3 should mark a "meaningful" sequential improvement.

ShowHide Related Items >><<
LSTR Landstar System
$126.71 /

-0.34 (-0.27%)

LSTR Landstar System
$126.71 /

-0.34 (-0.27%)

09/23/20 Wells Fargo
Landstar System initiated with an Equal Weight at Wells Fargo
08/26/20
Fly Intel: Top five analyst downgrades
08/26/20 Stifel
Landstar System downgraded to Hold on valuation at Stifel
08/26/20 Stifel
Landstar System downgraded to Hold from Buy at Stifel
LSTR Landstar System
$126.71 /

-0.34 (-0.27%)

Initiation
Landstar System initiated with an Equal Weight at Wells Fargo » 16:18
09/23/20
09/23
16:18
09/23/20
16:18
LSTR

Landstar System

$126.71 /

-0.34 (-0.27%)

Wells Fargo analyst…

Wells Fargo analyst Allison Poliniak-Cusic initiated coverage of Landstar System (LSTR) with an Equal Weight rating and $135 price target. The analyst rolled out coverage of the Trucking and Logistics sector, saying the shares have fared well despite a challenging economic backdrop. Valuations are currently reflecting the near-term optimism on the efficiency gains that companies have made, says Poliniak-Cusic, who looks to be "more selective in this environment." The analyst's top ideas are Knight-Swift Transportation (KNX), J B Hunt Transport Services (JBHT), XPO Logistics (XPO), and Hub Group (HUBG), in order of preference.

ShowHide Related Items >><<
LSTR Landstar System
$126.71 /

-0.34 (-0.27%)

LSTR Landstar System
$126.71 /

-0.34 (-0.27%)

08/26/20
Fly Intel: Top five analyst downgrades
08/26/20 Stifel
Landstar System downgraded to Hold on valuation at Stifel
08/26/20 Stifel
Landstar System downgraded to Hold from Buy at Stifel
08/04/20
Fly Intel: Top five analyst upgrades
LSTR Landstar System
$126.71 /

-0.34 (-0.27%)

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