JPMorgan raised the firm’s price target on J.B. Hunt to $200 from $199 and keeps a Neutral rating on the shares. The company’s Q1 results confirmed that the U.S. was in a freight recession, the analyst tells investors in a research note. The firm still expects J.B. Hunt will underperform on the results, but says "perhaps not as much" as initially envisioned when it put the stock on a "negative catalyst watch" last week.
Published first on TheFly
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Read More on JBHT:
- J.B. Hunt reports Q1 EPS $1.89, consensus $2.02
- J B Hunt Transport Services options imply 3.9% move in share price post-earnings
- JB Hunt Transport Services (JBHT) Q1 Earnings Cheat Sheet
- JPMorgan places four intermodal, railroads on ‘Negative Catalyst Watch’
- J.B. Hunt price target lowered to $172 from $180 at Susquehanna
