BMO Capital lowered the firm’s price target on J.B. Hunt to $200 from $218 but keeps an Outperform rating on the shares after its Q1 earnings miss. The company’s immediate term is challenged and the current bid season may still prove to be another source of earnings pressure, the analyst tells investors in a research note. BMO adds however that with the Intermodal segment sitting at 15-year lows across margins, EBIT/load, and equipment utilization, the risk/reward appears firmly favorable for long-term investors.
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