J.B. Hunt price target lowered to $161 from $181 at TD Cowen

TD Cowen lowered the firm’s price target on J.B. Hunt to $161 from $181 and keeps a Hold rating on the shares. The firm noted they kicked off 2Q transport earnings with a top and bottom line miss. Intermodal pricing and operating income took another step down as management makes clear that repriced contracts limit upside in the medium term.