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Fly News Breaks for July 26, 2016
JBHT
Jul 26, 2016 | 07:31 EDT
Buckingham upgraded J.B. Hunt to Buy and increased its price target to $95 from $80 saying 2016 expectations have been reset and believes 2017 will deliver better than expected margin and earnings growth. The firm's analyst expects topline and margin pressure trends to reverse in 2017 as stable/increasing prices should result in a normalized bid season with less year over year customer turnover and increased market share. Buckingham said recent data indicates intermodal pricing is stabilizing and macro factors like industrial production and ISMalso appear to be stabilizing and the dedicated division should also continue to perform well.
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