J.B. Hunt price target lowered to $190 from $200 at Wells Fargo

Wells Fargo lowered the firm’s price target on J.B. Hunt (JBHT) to $190 from $200 and keeps an Overweight rating on the shares. J.B. Hunt’s Q1 EBIT guidance was the key point that will drive shares, though it is based on normal seasonality and is designed to correct super-seasonal modeling in consensus, the analyst tells investors in a research note. Some aspects of the guidance can be extrapolated to broader Transports and some that can’t, the firm says.