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These Analysts Revise Price Targets On J.B. Hunt Transport Following Weak Q1 Results

Published 18/04/2023, 12:47
© Reuters.  These Analysts Revise Price Targets On J.B. Hunt Transport Following Weak Q1 Results

Benzinga - J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) posted downbeat results for its first quarter on Monday.

JB Hunt Transport posted quarterly earnings of $1.89 per share, missing market expectations of $2.02 per share, The company’s quarterly sales came in at $3.23 billion, missing estimates of $3.40 billion.

J.B. Hunt shares dropped 1.8% to $173.55 in the after-hours trading session on Monday.

These analysts made changes to their price targets on J.B. Hunt Transport following earnings announcement.

  • Raymond James cut the price target on J.B. Hunt Transport from $200 to $195. Raymond James analyst Patrick Tyler Brown maintained the stock with an Outperform.
  • JP Morgan raised the price target on J.B. Hunt Transport from $199 to $200. JP Morgan analyst Brian Ossenbeck maintained a Neutral rating.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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