J.B. Hunt price target raised to $189 from $172 at Stifel

Stifel raised the firm’s price target on J.B. Hunt (JBHT) to $189 from $172 and keeps a Hold rating on the shares as part of the firm’s Q4 truckload shippers preview. Awaiting the Q4 reports, supply-side dynamics “indeed look better than at any point since COVID” as spot rates increased more than 25% from October through year-end, which was more than any fourth quarter period in the past decade, the analyst tells investors.