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J.B. Hunt price target lowered to $165 from $180 at Barclays

Barclays analyst Brandon Oglenski lowered the firm’s price target on J.B. Hunt (JBHT) to $165 from $180 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the transportation group. The Q1 results are likely come in lower and near-term outlooks challenged as pull forward subsides, tariffs take hold and freight rates “remain tepid,” the analyst tells investors in a research note. The firm says economic warnings from FedEx and U.S. airlines are indicative of weaker PMI, “setting the stage for a tough quarter of management commentary.”

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