BUZZ-Benchmark boosts J.B. Hunt PT on intermodal strength
Reuters04-08 20:27
BUZZ-Benchmark boosts J.B. Hunt PT on intermodal strength
** Benchmark lifts price target on U.S. trucking firm J.B. Hunt Transport Services JBHT.O to $230 from $220, reiterates "buy" rating
** New PT represents a 5.6% upside to stock's last close
** Benchmark says strong rail service and tight truckload capacity remain supportive for intermodal growth
** Adds North American intermodal volumes were flat year over year in Q1, with domestic lanes outperforming as weak West Coast imports weighed on international traffic
** Separately, Citi also hikes PT to $228 from $221
** 13 of 26 brokerages rate the stock "buy" or higher, 11 "hold" and one "sell"; their median PT is $217.50 - data compiled by LSEG
** As of last close, stock had risen 12% YTD
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))
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