J.B. Hunt price target raised to $165 from $160 at Susquehanna

Susquehanna raised the firm’s price target on J.B. Hunt to $165 from $160 and keeps a Neutral rating on the shares. The firm said they delivered solid sequential profit improvement beyond the lift in intermodal volumes, but they remain clear-eyed that it takes pricing to drive margins meaningfully higher, and pricing power depends on a tightening truckload supply/demand balance by next spring.