UPDATE: Jefferies Raises Target to $56 on JB Hunt Transport Services

Jefferies increases its price target from $53 to $56 on Hold-rated JB Hunt Transport Services JBHT as the company drives a 12 percent beat in the top line. Jefferies comments, "JBHT beat consensus by $0.06 (or 11.8%) led by strong Intermodal (+$0.03 vs. our model) and DCC (+$0.02) revenue growth. JBHT continues to have a long runway in the intermodal growth story, but valuation keeps us at Hold." JBHT closed at $55.84 on Thursday.