J.B. Hunt price target raised to $230 from $205 at Truist

Truist raised the firm’s price target on J.B. Hunt (JBHT) to $230 from $205 and keeps a Hold rating on the shares. The company delivered a strong quarter with improving volumes and more clear signs of a potential freight inflection, but the firm remains Hold-rated as pricing still lags inflation and brokerage margins remain under pressure, the analyst tells investors in a research note. Intermodal and Dedicated are performing well and cost discipline is driving near-term earnings, but Truist sees a more balanced risk/reward until pricing catches up, the firm added.