Susquehanna lowered the firm’s price target on J.B. Hunt to $185 from $195 and keeps a Neutral rating on the shares. The firm said they believe long-term investments will deliver meaningful profit growth when demand accelerates and pricing shifts to the company’s favor but they don’t see a catalyst to ignite that into mid-2024.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBHT:
- JBHT Earnings: Q1 Miss and Margin Headwinds Weigh on Stock
- JBHT Upcoming Earnings Report: What to Expect?
- J.B. Hunt price target lowered to $200 from $216 at Wolfe Research
- J.B. Hunt price target lowered to $210 from $212 at Stephens
- March preliminary North America Class 8 truck orders down 8.7% YoY, ACT says