2022-01-26 05:53:31 JBHT J.B. Hunt
01/26/22 01/2605:53 01/26/2205:53 | J.B. Hunt upgraded to Overweight from Equal Weight at BarclaysBarclays analyst Brandon Oglenski upgraded J.B. Hunt to Overweight from Equal Weight with a price target of $235, up from $220. While the shares trade near the high end of transport multiples, the company is generating favorable returns and likely to benefit from core intermodal volume growth in 2022, Oglenski tells investors in a research note. The analyst says markets in early 2022 have been volatile, but solid transport fundamentals have encouraged him own stocks "with forward thinking management teams," which drives his upgrade of J.B. Hunt. |
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