J.B. Hunt price target raised to $250 from $225 at Wells Fargo

Wells Fargo analyst Christian Wetherbee raised the firm’s price target on J.B. Hunt (JBHT) to $250 from $225 and keeps an Overweight rating on the shares. Coming off its callback, the firm is raising estimates. Expectations are elevated for freight, but Hunt’s positive tone shift was notable with demand exceeding expectations. Rate is also higher across Truck, Wells adds. Collectively, results are positive for Hunt and group, the firm argues.