Deutsche Bank analyst Amit Mehrotra last night double downgraded J.B. Hunt to Sell from Buy and cut his price target for the shares to $83 from $125. The analyst says his work makes it clear that the trajectory of J.B. Hunt's returns is negative. This will continue, increasingly, as U.S. import volumes shift east, Intermodal length of haul shrinks and the company's highest return business increasingly competes with trucking, Mehrotra tells investors in a research note. The analyst sees a "significant shift" in U.S. imports eastward and away from West Coast ports. He downgraded J.B. Hunt after researching the implications for intermodal and trucking as length of haul moves lower.

Loop Capital lowered the firm's price target on GXO Logistics (GXO) to $74 from $76 and keeps a Buy rating on the shares as part of a broader research note on Transportation names. The firm is revising its model following a disappointing quarter and commentary from J.B. Hunt (JBHT) this week, the analyst tells investors in a research note.

BMO Capital lowered the firm's price target on J.B. Hunt to $200 from $218 but keeps an Outperform rating on the shares after its Q1 earnings miss. The company's immediate term is challenged and the current bid season may still prove to be another source of earnings pressure, the analyst tells investors in a research note. BMO adds however that with the Intermodal segment sitting at 15-year lows across margins, EBIT/load, and equipment utilization, the risk/reward appears firmly favorable for long-term investors.