J.B. Hunt price target lowered to $160 from $162 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on J.B. Hunt to $160 from $162 and keeps an Equal Weight rating on the shares. Q2 will “likely be another quarter of tough results across the board” for the freight transportation group, says the firm, which adds that “it may not be as doom-and-gloom” as Q1 was and notes in its preview for the group that the firm expects a wider range of outcomes.