UPDATE: JP Morgan Raises PT on JB Hunt to $64

JP Morgan raises its price target from $59 to $64 on Overweight-rated JB Hunt JBHT as margin performance for Q1 came in better than expected. JP Morgan comments, "We are raising our 2Q - 4Q12 EPS estimates and our 2012 EPS estimate rises from $2.55 to $2.64/share. Given the combination of better than expected margin performance in DCS and Intermodal and our expectation of continuing strong intermodal revenue growth, we are raising our 2013 EPS estimate from $2.95 to $3.20/share, which implies JBHT will sustain a 20% EPS growth pace in 2013." JBHT closed at $55.84 on Thursday.