J.B. Hunt price target lowered to $165 from $169 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on J.B. Hunt to $165 from $169 and keeps an Equal Weight rating on the shares after Q3 results came in below the firm’s and consensus estimates. The report “likely propelled the cycle-turn debate further rather than stopping it in its tracks,” says the analyst. The firm adds that it is unclear whether these “mixed messages” that started during last quarter’s calls are idiosyncratic to J.B. Hunt, though this “will become evident in the next few weeks.”