J.B. Hunt Transport To Benefit From Enhanced Rail Services Despite Brokerage And Truckload Challenges: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
BMO Capital Markets analyst Fadi Chamoun has reiterated the Market Perform rating on J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), raising the price target to $200 from $190. Despite a decrease in quarterly earnings, the company's core intermodal business saw higher volumes. The analyst expects sustained volume growth in the coming quarters due to strong rail service and customer emphasis on cost savings. However, the Brokerage and Truckload sectors are expected to remain under pressure into 2024 due to ongoing market challenges.
October 18, 2023 | 6:50 pm
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J.B. Hunt Transport Services, Inc. has seen a reiteration of its Market Perform rating and an increase in its price target to $200. Despite a decrease in earnings, the company's core intermodal business has seen higher volumes, which is expected to continue.
The reiteration of the Market Perform rating and the increase in the price target for J.B. Hunt Transport Services, Inc. indicates a positive outlook for the company. Despite a decrease in earnings, the company's core intermodal business has seen higher volumes, which is expected to continue. This could potentially lead to an increase in the company's stock price.
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