Morgan Stanley lowered the firm’s price target on J.B. Hunt (JBHT) to $155 from $160 and keeps an Equal Weight rating on the shares. The firm believes Q2 results for companies in the North America Freight Transporation industry will be much better than anticipated three months ago, but will likely still not be enough for investors, the analyst tells investors. While the firm would be surprised to see fiscal year guides restored, there is the possibility of the return of investor interest if there is strong July commentary.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBHT:
- J.B. Hunt resumed with an Outperform at Baird
- Strategic Cost Savings and Growth Potential Position JB Hunt for Success
- J.B. Hunt price target raised to $140 from $130 at Truist
- J.B. Hunt price target raised to $155 from $140 at Susquehanna
- Positive Outlook for J.B. Hunt: Buy Rating Driven by Stable Intermodal Volumes and Strategic Cost Management