J.B. Hunt price target raised to $176 from $166 at UBS

UBS raised the firm’s price target on J.B. Hunt to $176 from $166 and keeps a Sell rating on the shares. J.B. Hunt’s Q3 EPS was well below consensus of $1.83, as pricing and competitive pressures clearly weighed on adjusted EPS, the analyst tells investors in a research note. The firm believes the quarterly results reflect the impact of significant cyclical and competitive pressures.