Stifel analyst J. Bruce Chan lowered the firm’s price target on J.B. Hunt to $162 from $169 and keeps a Hold rating on the shares. The company’s Q1 EPS missed the company’s estimates, mostly due to soft volumes across all business lines and inflation putting pressure on costs, the analyst tells investors. Stifel expects 2023 to be a challenging year for most of the company’s business lines.
Published first on TheFly
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