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Fly News Breaks for April 10, 2018
JBHT
Apr 10, 2018 | 08:59 EDT
Stephens analyst Brad Delco said he expects J.B. Hunt to report healthy demand trends across all business lines, but he sees bad weather, poor rail service, and driver wage pressure dampening earnings slightly compared to his prior estimates. While he lowered his price target on the stock to $133 from $140 given the Q1 factors described above, he believes J.B. Hunt is in the early rounds of bids and recommends investors focus more on rate progress than Q1 results. He keeps an Overweight rating on J.B. Hunt shares.
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