UPDATE: Jefferies Reiterates Hold Rating, Raises PT on J.B. Hunt Transport Services
In a report published Friday, Jefferies reiterated its Hold rating on J.B. Hunt Transport Services (NASDAQ: JBHT), and raised its price target from $63.00 to $70.00.
Jefferies noted, “JBHT shares climbed 6.5% Thursday following its inline 4Q EPS report. Intermodal volumes and margins were both better than expected, easing concerns over a tough freight quarter industry-wide. Valuation keeps us on Hold, although the shares are never cheap.”
J.B. Hunt Transport Services closed on Thursday at $67.57.
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