J.B. Hunt price target lowered to $178 from $180 at TD Cowen

TD Cowen analyst Jason Seidl lowered the firm’s price target on J.B. Hunt to $178 from $180 and keeps a Market Perform rating on the shares. The firm noted results came in below their forecast and the consensus figure despite a tax benefit in the quarter and noted Intermodal margins in 3Q reflected a historically soft volume environment as shippers get the upper hand on price.