J.B. Hunt downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Brandon Oglenski downgraded J.B. Hunt to Equal Weight from Overweight with a price target of $200, down from $215. The analyst says “weak bid season results” will likely result in volume challenges for J.B. Hunt, softer margins for Werner and growth headwinds for C.H. Robinson. The firm believes the truckload rate cycle is “taking a toll” and downgraded all three names.