J.B. Hunt price target raised to $162 from $155 at UBS

UBS analyst Thomas Wadewitz raised the firm’s price target on J.B. Hunt to $162 from $155 and keeps a Sell rating on the shares. The key drivers of the stock’s move up after the Q4 conference call were management’s expectation of a rebound in freight activity in 2H23 and the framework they provided of growth in loads, revenue, and EBIT in their intermodal business, Wadewitz tells investors in a research note.