JBHT - J.B. Hunt Transport To Benefit From Enhanced Rail Services Despite Brokerage And Truckload Challenges: Analyst | Benzinga
BMO Capital Markets analyst Fadi Chamoun reiterated the Market Perform rating on J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), raising the price target to $200 from $190.
J.B. Hunt Transport Services reported quarterly earnings of $1.80 per share, a 29.96% decrease over earnings of $2.57 per share from the same period last year.
While Q3/23 results fell below expectations, volumes in the core intermodal business inflected higher, with growth positioned to continue amid easing destocking, improved rail service, and shippers' increasing emphasis on cost savings, the analyst notes.
Chamoun is ...