Susquehanna lowered the firm’s price target on J.B. Hunt to $194 from $195 and keeps a Neutral rating on the shares. The firm updated its model on the back of its broader 2024 outlook. Their valuation methodologies remain unchanged for the truckload-related group, as they use long-term avgerage P/E’s to capitalize 2025E forecasts that anticipate meaningful year-over-year recovery from a deep 2023-24 trough.
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