Truist analyst Lucas Servera lowered the firm’s price target on J.B. Hunt (JBHT) to $130 from $165 and keeps a Hold rating on the shares after its Q1 results. The freight market remains under pressure given a myriad of challenges, including overcapacity, challenging pricing environment, trade tensions, etc., and the firm warns that J.B. Hunt may not be able to deliver meaningful margin expansion in the near to medium term, the analyst tells investors in a research note.
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