UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on JB Hunt Transport Services Inc. as Optimism Abounds

In a report published Wednesday, Credit Suisse analyst Allison M. Landry reiterated an Outperform rating on

, and raised the price target from $88.00 to $91.00. In the report, Credit Suisse noted, "We met with JBHT management in Arkansas on Tuesday. In our view, the overall tone was optimistic, as a few material favorable developments have emerged since the company issued its 2015 guidance in November. Specifically, intermodal rates are rising at a faster rate than anticipated; rail service has improved (the '15 guide assumes no improvement on this front); and the Dedicated business is performing better than expected. Another potentially significant positive could come in the form of a boost in consumer demand from anticipated tax refunds. As such, we think there is upside risk to numbers in 2015 (and beyond) - marking an inflection point following several months of downward revisions to Street ests. Despite Hunt's growing confidence in its businesses, mgmt has not changed its FY15 guide, given that it's still relatively early in the year." JB Hunt Transport Services Inc. closed on Tuesday at $83.77.