JB Hunt, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Brian Ossenbeck from J.P. Morgan maintained a Buy rating on the stock and has a $180.00 price target.
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Brian Ossenbeck has given his Buy rating due to a combination of factors that suggest a positive outlook for J.B. Hunt. One of the primary reasons is the company’s ambitious cost reduction target of $100 million annually, which management believes is achievable and potentially surpassable. This initiative is expected to provide a buffer against negative earnings revisions in 2026, despite some skepticism from the market. Additionally, the Intermodal and Truckload segments are anticipated to benefit from improved volume in the near term, contributing to a potential relief rally for the stock.
Moreover, J.B. Hunt’s unique position in the intermodal market is a significant advantage, especially as shippers seek cost-effective freight solutions amid ongoing supply chain volatility. The company’s valuation could be further supported by a sustainable recovery in the spot truckload market and successful implementation of the cost savings program. Ossenbeck’s price target for December 2026 reflects a forward P/E of 22.5x, consistent with J.B. Hunt’s historical average, and suggests potential for a higher multiple if the company can accelerate intermodal share gains and improve rail service reliability.
In another report released today, Citi also maintained a Buy rating on the stock with a $170.00 price target.