Stephens analyst Daniel Imbro raised the firm’s price target on J.B. Hunt (JBHT) to $180 from $160 and keeps an Overweight rating on the shares after Q3 EPS of $1.76 beat the firm’s and Street estimates, with the “highlight of the quarter” being the margin improvement seen in both the JBI and DCS units. The firm expects continued cost improvements in the quarters ahead and in the event recent trends result in a meaningful improvement in the freight cycle, its expects Hunt to benefit from strong operating leverage, the analyst tells investors.
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