Stephens analyst Justin Long said investor sentiment was "very negative" going into J.B. Hunt's Q2 report and he thinks results were clearly "better than feared." The primary upside drivers were the dedicated and intermodal segments, partially offset by a weaker than expected performance in the brokerage segment, noted Long, who expects the stock to move higher on the heels of this report. While he still sees a heightened level of uncertainty around the freight cycle, Long continues to view J.B. Hunt as well-positioned over the long-term. He raised his price target on the shares to $110 from $107 and keeps an Overweight rating on the stock.