BofA lowered the firm’s price target on J.B. Hunt to $199 from $215 and keeps a Buy rating on the shares after the company reported Q1 EPS that was down 35% year-over-year and below the firm’s and the Street’s targets. The quarterly misses were led by Intermodal, Dedicated, and Brokerage, notes the analyst, who expects earnings to pass their trough in 2024, but lowered the firm’s 2024 and 2025 EPS estimates by 18% and 11%, respectively.
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