Barclays Adjusts Price Target on J.B. Hunt Transport Services to $195 From $175, Maintains Equalweight
Date: Nov 14, 2024 | Time: 16:48 GMT+5:30
Stock Symbol: JBHT | Current Stock Performance: -1.73%
Barclays recently adjusted its price target on J.B. Hunt Transport Services (JBHT), increasing it from $175 to $195 while maintaining an equal weight rating. This update reflects Barclays' reassessment of J.B. Hunt's financial performance and potential for growth in the transport and logistics sector.
According to Capital IQ, J.B. Hunt Transport Services holds an average outperform rating, with a price target range from $159 to $227, based on analysis from multiple financial experts.
This update comes as investors closely watch the logistics and transportation sectors amid fluctuating economic conditions, which impact demand and pricing for major freight companies like J.B. Hunt.
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