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Fly News Breaks for July 16, 2019
JBHT
Jul 16, 2019 | 08:32 EDT
Baird analyst Benjamin Hartford said J.B. Hunt reported better than feared results which were also above previously lowered consensus estimates. The analyst said investor sentiment mirrored falling estimates which will produce a short squeeze in stock. He believes its too early to call a bottom in industry fundamentals but said he likes the company's current valuation. Hartford maintained his Neutral rating and raised his price target to $106 from $104 on J.B. Hunt shares.
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