J.B. Hunt price target lowered to $195 from $200 at Susquehanna

Susquehanna analyst Bascome Majors lowered the firm’s price target on J.B. Hunt to $195 from $200 and keeps a Neutral rating on the shares. The analyst remains cautious on truckload-related transports into a “challenging” earnings season. The firm, however, is “hopeful that capitulating cuts can create entry points” in truckload or intermodal “on the other side of April’s tough terrain.” In the near-term, Susquehanna continues to prefer less-than-truckload and rail sectors to truckload-related transports for their pricing power and oligopolistic industry structures.