Evercore ISI analyst Jonathan Chappell raised the firm’s price target on J.B. Hunt (JBHT) to $232 from $222 and keeps an Outperform rating on the shares. Recent data points, both macro and sector-specific, confirm the end of the prolonged downturn and provide optimism about a meaningful EPS recovery, the analyst added in a note on the transports group.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBHT:
- J.B. Hunt price target lowered to $225 from $228 at BofA
- JB Hunt Announces Dual Listing on New Nasdaq Texas
- J.B. Hunt files automatic mixed securities shelf
- J.B. Hunt price target raised to $245 from $225 at BMO Capital
- Trump’s Transportation Secretary moves to bar unqualified foreign truck drivers