J.P. Morgan Meets With J.B. Hunt Transports Services Management
J.P. Morgan published its research report today on J.B. Hunt Transport Services (NASDAQ: JBHT) after meeting with JBHT’s management team.
In its report to clients, J.P. Morgan writes, “We believe that JBHT has one of the most attractive growth stories among transports driven by secular growth in its intermodal and DCS businesses. We also believe that JBHT’s efforts to do more integrated selling of its portfolio of services should add incremental support to its solid existing growth trends. Our meetings with management on Tuesday increase the conviction we have in our positive view and they also provided a favorable initial look at the new CEO’s strategies for growth.”
J.P. Morgan maintains its Overweight rating and $49 price target on JBHT.
JBHT closed yesterday at $40.00.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.