J.B. Hunt price target lowered to $190 from $200 at Raymond James

Raymond James analyst Patrick Tyler Brown lowered the firm’s price target on J.B. Hunt (JBHT) to $190 from $200. Despite lingering freight market concerns, Raymond James keeps an Outperform rating on the shares given management’s long-term approach and prospects for outsized growth in out-years driven by a renewed commitment with its primary rail partner, multiyear capacity expansion, and improving box turns, the analyst tells investors in a research note. The firm believes re-accelerating load growth and improved pricing will be the key to drive the positive earnings drift that should drive shares higher.