UPDATE: Jefferies Raises PT on J.B. Hunt Transport Service to $57
Jefferies reiterated a Hold rating on J.B. Hunt Transport Service (NASDAQ: JBHT) and raised its price target from $56 to $57.
Jefferies commented, “JBHT reported 2Q earnings that beat consensus by a penny. Margins offset a modest revenue miss. Trading at a full valuation and with the prospect of decelerating growth in 2012 and 2013 (albeit off a very high base), we remain on the sidelines.”
J.B. Hunt Transport Service closed at $58.33 on Monday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.