J.B. Hunt price target raised to $203 from $196 at Stephens

Stephens analyst Justin Long raised the firm’s price target on J.B. Hunt to $203 from $196 and keeps an Overweight rating on the shares. While J.B. Hunt’s Q2 EPS missed the Street expectation, the firm believes this “was widely anticipated by investors” and says it is “cautiously optimistic” the intermodal market has bottomed. The firm believes it is notable the year-over-year trend in the company’s intermodal volumes improved month-to-month in Q2, despite comps becoming more challenging as the quarter progressed, the analyst added.