J.B. Hunt price target lowered to $170 from $189 at BofA

BofA analyst Ken Hoexter lowered the firm’s price target on J.B. Hunt (JBHT) to $170 from $189 and keeps a Buy rating on the shares. The firm reduced the multiple it applies to its 2025 EPS estimate given near-term macro overhang and tariff uncertainty. The firm also lowered its Q1 and 2025 EPS estimates 1% each, to $1.17 and $6.05, from $1.18 and $6.10, respectively, citing cost pressure.