J.B. Hunt price target lowered to $195 from $200 at Raymond James

Raymond James analyst Patrick Tyler Brown lowered the firm’s price target on J.B. Hunt to $195 from $200. The firm keeps an Outperform rating on the shares given its view of management’s ability to manage the environment and the prospects for outsized intermodal volume growth in out-years and despite remaining velocity headwinds and concerns over the trajectory of the freight markets, the analyst tells investors in a research note. Raymond James believes that intermodal’s value proposition could rise on improved service and the ESG benefits intermodal offers.