JB Hunt Transport Services shares are trading lower after the company reported a year-over-year decrease in Q3 EPS results and worse-than-expected revenue results. Additionally, multiple firms lowered their respective price targets.
Portfolio Pulse from Benzinga Newsdesk
JB Hunt Transport Services reported a year-over-year decrease in Q3 EPS results and worse-than-expected revenue results. Following the announcement, multiple firms lowered their price targets for the company, leading to a drop in its share price.
October 18, 2023 | 2:55 pm
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NEGATIVE IMPACT
JB Hunt's disappointing Q3 results and lowered price targets by multiple firms have negatively impacted its stock price.
JB Hunt's lower than expected Q3 earnings and revenue results have led to a decrease in confidence from multiple firms, who have subsequently lowered their price targets for the company. This has resulted in a negative impact on the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100