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UPDATE: Bank Of America Downgrades J.B. Hunt Transport Services

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Analysts at Bank of America downgraded shares of J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) to Underperform and lowered the price target to $75 from $81 on Monday.

Ken Hoexter stated “We lower our opinion to Underperform from Neutral given the overhang of deteriorating rail service by Norfolk Southern, and BNSF's continued poor service, and the potential to lead to higher than expected costs.

In addition, asset investment could decrease returns in the near term. J.B. Hunt management noted that it may be difficult to improve margins over the next few years given cost headwinds.

Shares of J.B. Hunt Services traded recently at $74.72, down 0.85 percent.

Latest Ratings for JBHT

DateFirmActionFromTo
Jun 2019DowngradesBuyNeutral
May 2019DowngradesBuyNeutral
Apr 2019DowngradesBuySell

View More Analyst Ratings for JBHT
View the Latest Analyst Ratings

Posted-In: Bank of America Ken HoexterAnalyst Color Downgrades Price Target Analyst Ratings

 

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