J.B. Hunt price target raised to $150 from $145 at Morgan Stanley

Morgan Stanley raised the firm’s price target on J.B. Hunt (JBHT) to $150 from $145 and keeps an Equal Weight rating on the shares. A “robust” Q3 beat was largely driven by self-help cost actions and the tone on the call regarding the cycle was “constructive,” but the focus will be on how much of the cost traction is extrapolatable, the analyst tells investors in a post-earnings note.