J.B. Hunt price target lowered to $193 from $196 at Cowen

Cowen analyst Jason Seidl lowered the firm’s price target on J.B. Hunt to $193 from $196 and keeps a Market Perform rating on the shares. The analyst said its Q4 results suggest a soft start to 2023 is evident across freight markets but optimism on 2H keeps his full year intermodal earnings growth expectations intact.