BMO Capital lowered the firm’s price target on J.B. Hunt (JBHT) to $175 from $200 and keeps an Outperform rating on the shares. The company’s Q1 results were slightly better than expected on stronger than anticipated results in the intermodal segment, though the firm is still lowering its estimates in recognition of elevated macro uncertainty and to reflect potential downside risk to intermodal volumes amid shifting trade policies, the analyst tells investors in a research note.
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