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home / news releases / JBHT - J.B. Hunt Transport Services: Rating Downgrade On Weak Near-Term Outlook

JBHT - J.B. Hunt Transport Services: Rating Downgrade On Weak Near-Term Outlook

J.B. Hunt Transport Services Inc.

2024-04-19 01:55:31 ET

Summary

  • J.B. Hunt Transport Services' 1Q24 performance was worse than expected, leading to a revision of the buy rating to hold.
  • Concerns arise from JBHT's poor performance compared to competitors and pricing pressure in the industry.
  • Weak volume is impacting margins, and the uncertain outlook for FY24 suggests a more conservative valuation for the Company.

Summary

For further details see:

J.B. Hunt Transport Services: Rating Downgrade On Weak Near-Term Outlook
Stock Information
Company Name: J.B. Hunt Transport Services Inc.
Stock Symbol: JBHT
Market: NASDAQ
Website: jbhunt.com
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