J.B. Hunt price target lowered to $160 from $170 at Barclays

Barclays analyst Brandon Oglenski lowered the firm’s price target on J.B. Hunt to $160 from $170 and keeps an Equal Weight rating on the shares ahead of the Q2 report. A “more somber outlook” on Intermodal yields, lower Dedicated growth and continued losses at ICS drive a much lower reset in forward estimates for J.B. Hunt, the analyst tells investors in a research note. The firm now sees 2025 and 2026 earnings estimates 23% and 20% below consensus, respectively, but suspects Street numbers “should come down aggressively.”