Transportation logistics provider Landstar (LSTR -2.2%) heads lower after Stifel downgrades...

|About: Landstar System, Inc. (LSTR)|By:, SA News Editor

Transportation logistics provider Landstar (LSTR -2.2%) heads lower after Stifel downgrades shares to Hold on valuation grounds. While noting recent management comments indicate Landstar is on track to meet 2012 EPS estimates, Stifel thinks the company's business model has little operating leverage, thus making EPS upside unlikely.