J.B. Hunt price target raised to $168 from $155 at Evercore ISI

Evercore ISI raised the firm’s price target on J.B. Hunt (JBHT) to $168 from $155 and keeps an Outperform rating on the shares after Q3 earnings “were a standout,” largely driven by margin improvements across most segments. However, despite revenue beats in Intermodal and ICS, overall volumes remained weak, indicating that the EPS beat “doesn’t signal a broader market rebound” and is due to the company’s strategic execution rather than a market recovery, the analyst tells investors.