Citigroup increases its price target on Neutral-rated JB Hunt JBHT from $55 to $60 as the company delivers a solid beat for Q1.
Citigroup notes, "We are increasing our 2012 and 2013 EPS estimates by 6% and 4%, respectively, as we are increasing our target for Intermodal load growth (to 14% from 10% in 2012) and Dedicated profitability. We are also increasing our price target to $60, from $55, as we are applying a higher target multiple of 23x, given its earnings growth pace."
JBHT closed at $55.84 on Thursday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in