BUZZ-BMO raises PT on J.B. Hunt, sees favorable outlook for intermodal business

J.B. Hunt Transport Services, Inc.

J.B. Hunt Transport Services, Inc.

JBHT

0.00

** BMO raises price target on U.S. trucking firm J.B. Hunt Transport Services JBHT.O to $320 from $250; reiterates "outperform" rating

** New PT represents a 13% upside to stock's last close

** Brokerage says elevated spot truckload rates, tightening capacity, and stronger contract pricing combined with a supportive demand backdrop should favor J.B. Hunt, particularly its intermodal business

** Median PT of 24 brokerages covering the stock is $248 - data compiled by LSEG

** As of last close, JBHT up 45.8% YTD


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