J.B. Hunt price target raised to $280 from $250 at BofA

BofA raised the firm’s price target on J.B. Hunt (JBHT) to $280 from $250 and keeps a Buy rating on the shares. TFI International (TFII) CEO Alain Bedard sees U.S. flatbed contract rates renewing at high-single to low-double digits, notes the analyst, who believes this set-up, along with early signs of demand recovery, “augurs well for Transports.”