Argus analyst John Eade lowered the firm’s price target on J.B. Hunt to $200 from $225 after its Q1 earnings miss but keeps a Buy rating on the shares. While the management has indicated that the industry is currently in a "freight recession", the stock’s valuations are attractive as shares are trading near the low end of their historical P/E range, the analyst tells investors in a research note. The recently passed bipartisan infrastructure spending plan also holds promise, Argus added.
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