UPDATE: Credit Suisse Upgrades J.B. Hunt Transport Services

In a report released Wednesday, Credit Suisse analyst Allison Landry upgraded J.B. Hunt Transport Services JBHT from Neutral to Outperform and increased the price target from $78 to $86 per share.

Landry favors J.B. Hunt current valuation based on an increase EBIT base giving 12 percent upside potential. Credit Suisse raised its full-year 2014 EPS estimate from $3.15 to $3.17, full-year 2015 to $3.87 and increased its full year 2016 EPS to $4.25.