UBS Upgrades JB Hunt Transport Servs to Buy, Raises Price Target to $234
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Thomas Wadewitz upgraded JB Hunt Transport Services (JBHT) from Neutral to Buy and increased the price target from $205 to $234.
January 22, 2024 | 2:33 pm
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POSITIVE IMPACT
UBS upgraded JB Hunt Transport Services from Neutral to Buy and raised the price target from $205 to $234, indicating a positive outlook on the company's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved future performance and profitability for the company. The increase in price target further reinforces the positive sentiment, suggesting that the stock may be undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100