Barclays Maintains Equal-Weight on JB Hunt Transport Servs, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has maintained an Equal-Weight rating on JB Hunt Transport Services (JBHT) and reduced the price target from $200 to $170.
April 17, 2024 | 1:14 pm
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Barclays maintains an Equal-Weight rating on JB Hunt Transport Services, with a reduced price target from $200 to $170.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term impact on JBHT's stock price as it reflects a lowered expectation of the company's future performance. The Equal-Weight rating suggests that the stock is expected to perform in line with the market or sector, but the lowered price target might cause concern among investors.
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