Loop Capital lowered the firm’s price target on J.B. Hunt to $177 from $200 and keeps a Hold rating on the shares as part of a broader research note on Transportation names. The firm is revising its model following a disappointing quarter and commentary from the company this week, the analyst tells investors in a research note. Paraphrasing the call, the analyst says the management stated: “We have five business divisions, demand is historically bad in all of them, and we see no green shoots anywhere.”
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