Stifel analyst J. Bruce Chan lowered the firm’s price target on J.B. Hunt (JBHT) to $150 from $158 and keeps a Hold rating on the shares. The company’s bearish tone from last quarter persists, which “makes sense to us given a very choppy fundamental freight setup for the back half of the year,” the analyst tells investors in a post-earnings note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBHT:
- J.B. Hunt price target lowered to $140 from $160 at TD Cowen
- J.B. Hunt price target lowered to $150 from $170 at BofA
- J.B. Hunt’s Resilience and Strategic Focus Justify Buy Rating Amid Market Challenges
- J.B. Hunt price target lowered to $165 from $170 at Stephens
- JB Hunt’s Strategic Growth and Resilience: A Buy Recommendation by Christopher Kuhn