Information Provided By:
Fly News Breaks for January 21, 2020
Jan 21, 2020 | 08:46 EDT
Raymond James analyst Patrick Brown upgraded J.B. Hunt to Outperform from Market Perform with a $130 price target. In a research note to investors, Brown says that while he appreciates the malaise in the intermodal market driven in part by a loose truck environment, the upgrade is based on his view that J.B. Hunt has seen "peak pain" across a number of metrics including EPS declines, ICS losses and intermodal volume optics. While J.B. Hunt's relative valuation to the market is near its 5-year lows over what he believes to be overblown "fears" regarding Intermodal's role in supply chains, at a minimum, mean relative value reversion is on investors' side, Brown contends.
News For JBHT From the Last 2 Days
There are no results for your query JBHT