JP Morgan Maintains Overweight on JB Hunt Transport Servs, Lowers Price Target to $212
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has maintained an Overweight rating on JB Hunt Transport Services (NASDAQ:JBHT) but reduced the price target from $220 to $212.
December 21, 2023 | 3:14 pm
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JP Morgan has maintained its Overweight rating on JB Hunt Transport Services but lowered the price target from $220 to $212.
The reduction in price target by JP Morgan could have a mixed impact on JBHT's stock price. While the Overweight rating suggests a positive outlook, the lowered price target may indicate a tempered expectation for the stock's growth potential. Investors may react to the new price target, but the reaffirmation of the Overweight rating could balance out any negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100