Market Overview

UPDATE: Wunderlich Securities Upgrades J.B. Hunt Transport Services on Intermodal Growth at a TL Price

Related JBHT
Bank Of America Incrementally Bullish On Transportation Stocks, Upgrades Four Companies To Buy
Merrill Lynch Sees CNI, NSC, JBHT, KNX As Upgraded Buys, Says Companies Are Trading Near Their Floor As negative Incremental Data Subsides

In a report published Wednesday, Wunderlich Securities analyst Nicholas J. Bender upgraded the rating on J.B. Hunt Transport Services (NASDAQ: JBHT) from Hold to Buy, and raised the price target from $83.00 to $89.00.

In the report, Wunderlich Securities noted, “We are transferring coverage of JB Hunt (JBHT) with a Buy rating and $89 price target. The company faced 2013 headwinds related to decelerating intermodal volume, contract start-up costs, a choppy brokerage market, and an underperforming truckload segment (JBT). However, operating margin looks poised to expand for both the intermodal (JBI) and dedicated (DCS) segments in FY14, and a December 2013 management shake-up at JBT should allow the company to benefit from improving TL fundamentals. We believe JBHT's current share price, at just 18.8x our FY15 EPS estimate of $3.85, undervalues the potential of the integrated, multi-modal operating model, and thus we are transferring coverage with a Buy rating and $89 price target.”

J.B. Hunt Transport Services closed on Tuesday at $72.31.

Latest Ratings for JBHT

Oct 2015Credit SuisseMaintainsOutperform
Oct 2015Deutsche BankMaintainsHold
Oct 2015BarclaysMaintainsOverweight

View More Analyst Ratings for JBHT
View the Latest Analyst Ratings

Posted-In: Nicholas J. Bender Wunderlich SecuritiesAnalyst Color Upgrades Analyst Ratings


Related Articles (JBHT)

Get Benzinga's Newsletters