Benchmark raised the firm’s price target on J.B. Hunt to $210 from $200 and keeps a Buy rating on the shares. The set up for intermodal is better in 2024 than it was in 2023 and given J.B. Hunt is BNSF’s sole intermodal partner in the west and has taken share, the company is well positioned to take advantage of a potential upturn in volumes, the analyst tells investors in a research note.
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