J.B. Hunt price target raised to $210 from $203 at Stephens

Stephens analyst Justin Long raised the firm’s price target on J.B. Hunt to $210 from $203 and keeps an Overweight rating on the shares. Due to a muted freight cycle, pricing pressure, and inflationary costs, the firm is anticipating the company to miss Street expectations in Q3 and to have trimmed its forward expectations, the analyst tells investors. Some of the leading indicators for the business, however, have recently improved, notably its Q3 intermodal volumes inflect positively year-over-year from market share gains, Stephens adds. Stephens believes the 12+ month set-up for the stock is “compelling.”