J.B. Hunt price target lowered to $210 from $212 at Stephens

Stephens lowered the firm’s price target on J.B. Hunt to $210 from $212 and keeps an Overweight rating on the shares. J.B. Hunt was clear during industry conferences intra-quarter that the year is off to a slower-than-expected start, primarily due to competitive behavior during bid season and import strength not translating into a meaningful tailwind for its business, the analyst tells investors in a research note. The firm believes J.B. Hunt’s intermodal volumes could be relatively flat year over year in the quarter with seasonal pressure in margins.