UPDATE: Credit Suisse Raises Price Target On J B Hunt Transport Services On EPS Revisions

In a report published Friday, Credit Suisse analyst Allison M. Landry reiterated an Outperform rating on

, and raised the price target from $83.00 to $88.00. In the report, Credit Suisse noted, “Our FY15 and FY16 estimates increase to $3.66 and $4.23, respectively, from $3.62 and $4.22. We are also introducing our FY17 EPS forecast of $4.76. Our DCF-derived target price rises to $88 (from $83) due to higher base year (2016) EBIT and a slightly lower discount rate.” J B Hunt Transport Services closed on Thursday at $84.23.