Jefferies increases its price target from $53 to $56 on Hold-rated JB Hunt Transport Services JBHT as the company drives a 12 percent beat in the top line.
Jefferies comments, "JBHT beat consensus by $0.06 (or 11.8%) led by strong Intermodal (+$0.03 vs. our model) and DCC (+$0.02) revenue growth. JBHT continues to have a long runway in the intermodal growth story, but valuation keeps us at Hold."
JBHT closed at $55.84 on Thursday.
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