J.B. Hunt price target lowered to $180 from $190 at Barclays

Barclays lowered the firm’s price target on J.B. Hunt (JBHT) to $180 from $190 and keeps an Equal Weight rating on the shares. The firm says the company’s “unexpectedly soft” Q1 earnings guidance is likely to weigh on transport shares Friday. However, Barclays views an “aggressive consensus outlook as the driver to reset expectations” given lagged pricing outcomes through Q2. J.B. Hunt’s incremental intermodal volumes and forward commentary were supportive of demand improvement, contends Barclays.