Raymond James Maintains Outperform Rating for JB Hunt Transport Servs: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has reaffirmed its Outperform rating on JB Hunt Transport Servs (NASDAQ:JBHT) and increased its price target from $200.00 to $209.00. JBHT's shares are currently trading up 2.57% at $197.01. The new price target suggests a potential upside of 6.09% from the current price. JB Hunt is a leading surface transportation company in North America, with various operating segments including intermodal delivery and dedicated trucking services.
January 16, 2024 | 5:00 pm
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Raymond James maintains Outperform rating on JBHT and raises price target to $209, indicating a potential 6.09% increase from the current price. Shares have risen 2.57% recently.
The reaffirmation of the Outperform rating and the raised price target by a reputable analyst firm like Raymond James can be seen as a strong positive signal to the market, potentially leading to increased investor confidence and a short-term rise in JBHT's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100