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Fly News Breaks for October 26, 2018
Oct 26, 2018 | 07:08 EDT
KeyBanc analyst Todd Fowler reiterated an Overweight rating on Landstar System but cut his price target to $120 from $130 due to multiple compression among peers. In a research note to investors, Fowler says that pricing gains may moderate in a normalized environment, but believes share gains, variable incentives and an asset-light model should support earnings growth.
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