Loop Capital analyst Rick Paterson lowered the firm’s price target on J.B. Hunt to $173 from $177 and keeps a Hold rating on the shares as part of a broader research note on Transportation. A freight recession “just won’t let go”, and while the end is “no doubt” closer than the beginning of it, green shoots remain scarce and nobody has any visibility, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBHT:
- J.B. Hunt price target raised to $195 from $188 at BMO Capital
- J.B. Hunt price target lowered to $161 from $181 at TD Cowen
- J.B. Hunt price target lowered to $155 from $175 at Susquehanna
- J.B. Hunt price target lowered to $160 from $170 at Barclays
- JBHT Earnings: J.B. Hunt Stock Drops on Weak Q2 Results