J.B. Hunt price target raised to $250 from $230 at Benchmark

Benchmark raised the firm’s price target on J.B. Hunt (JBHT) to $250 from $230 and keeps a Buy rating on the shares following the Q1 earnings report. Total revenue and operating income both came in modestly ahead of the firm’s expectations, notes the analyst, who views the quarter as “solid” with continued progress on lowering the cost to serve positioning the company to restore margins when price becomes a tailwind.