J.B. Hunt price target raised to $175 from $160 at Barclays

Barclays raised the firm’s price target on J.B. Hunt to $175 from $160 and keeps an Equal Weight rating on the shares post the Q3 report. Expectations were low, but better intermodal volume and yield trends set up for a slightly better outlook to close out 2024 despite concerns that recent activity has been driven by temporary “pull forward,” the analyst tells investors in a research note.