J.B. Hunt just upgraded at BMO Capital, here’s why

BMO Capital upgraded J.B. Hunt Transport Services to Outperform from Market Perform with a price target of $220, up from $200. With rail service improving, rail earnings growth becoming increasingly volume dependent, and with meaningful market share recapture opportunity, intermodal could be entering a period of growth not seen since the mid-2010s, the analyst tells investors in a research note. The firm believes intermodal marketing companies are most leveraged to this opportunity and views J.B. Hunt as being best positioned among them.