BUZZ-Stifel raises J.B. Hunt's PT on intermodal growth

Reuters04-02
BUZZ-<a href="https://laohu8.com/S/SFB">Stifel</a> raises J.B. Hunt's PT on intermodal growth

** Stifel raises price target on U.S. trucking firm J.B. Hunt Transport Services JBHT.O to $205 from $201; reiterates "hold" rating

** New PT still represents a 4% downside to stock's last close

** Brokerage says "intermodal and dedicated services" remain key drivers of the company’s results; adds that long-term growth depends on how much truckload freight can be shifted to intermodal through the J.B. Hunt 360 platform

** Near-term volume growth, however, may be limited by weak demand and tariff uncertainty; better pricing will be needed to return to past peak profits, Stifel adds

** Median PT of 25 brokerages covering the stock is $217.5 - data compiled by LSEG

** As of last close, JBHT up 9.8% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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