J.B. Hunt price target raised to $195 from $188 at BMO Capital

BMO Capital raised the firm’s price target on J.B. Hunt to $195 from $188 and keeps an Outperform rating on the shares. The company’s Q2 results missed expectations amid the ongoing market challenges, but demand is demonstrating initial signs of stabilization, the analyst tells investors in a research note. While an acceleration in earnings growth remains the story for the second half of the year, J.B. Hunt’s margin and EBIT per load are near trough levels, the firm added.