JBHT - Rail Service Revival Boosts J.B. Hunt's Growth Prospects: Analyst Sees Significant Volume Expansion | Benzinga
BMO Capital Markets analyst Fadi Chamoun upgraded the shares of J.B. Hunt Transport Services Inc (NASDAQ: JBHT) from Market Perform to Outperform rating and raised the price target from $200 to $220.
The analyst says that total rail industry volumes have underperformed their historical relationship to industrial production by an average of 2.9 million carloads per year, between 2020 and 2023, or 6.8% of 2019 levels.
Rail service has shown signs of improvement that is supportive of share recapture and volume ...