B of A Securities Maintains Buy on JB Hunt Transport Servs, Lowers Price Target to $199
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter maintains a Buy rating on JB Hunt Transport Services (JBHT) but lowers the price target from $215 to $199.
April 17, 2024 | 10:38 am
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B of A Securities maintains a Buy rating on JB Hunt Transport Services but reduces the price target from $215 to $199.
The adjustment in price target by B of A Securities reflects a recalibration of expectations for JBHT, likely due to updated market or company-specific forecasts. While the Buy rating is maintained, indicating continued confidence in the company's performance, the reduction in price target suggests a tempered outlook on its stock price potential in the short term. This could lead to mixed reactions in the market, with the positive sentiment from the maintained Buy rating potentially offset by the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100