Morgan Stanley analyst Ravi Shanker lowered the firm’s price target on J.B. Hunt to $170 from $172 and keeps an Equal Weight rating on the shares. In Freight Transportation, the analyst sees Q2 results as likely to mirror Q1 and “present another set of tough numbers across the group,” but adds that this does set up for an “intriguing” Q3 and summer, with all eyes to be on management groups’ forward commentary.
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