J.B. Hunt price target raised to $210 from $200 at Wells Fargo

Wells Fargo raised the firm’s price target on J.B. Hunt to $210 from $200 and keeps an Overweight rating on the shares after Q2 missed expectations. That said, the outlook was constructive and supported a cyclical bottom, the firm notes. Wells continues to believe that 2024 EPS will be benefit from both secular and cyclical tailwinds.