Landstar System price target raised to $63 from $55 at Oppenheimer

theflyonthewall.com

Oppenheimer increased its price target on Landstar after the company reported higher than expected Q4 EPS but lower than expected revenue, and said its 1Q13 results are expected to be similar to its 1Q12 results. Oppenheimer is still upbeat about the company due to what the firm sees as the company's operating leverage and asset-light, high-ROIC business. It maintains an Outperform rating on the shares.

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