J.B. Hunt price target raised to $180 from $165 at Morgan Stanley

Morgan Stanley analyst Ravi Shanker raised the firm’s price target on J.B. Hunt (JBHT) to $180 from $165 and keeps an Equal Weight rating on the shares. Q1 featured “a modest EBIT beat,” though the focus was likely on call commentary, where management validated the structural nature of truck supply tightness, the analyst tells investors in a post-earnings note.