Credit Suisse reported on Monday that they have increased their price target for transportation company, J.B. Hunt Transport Services, Inc. (JBHT).
The firm, which currently has a “Neutral” rating on JBHT, has raised its price target on the company to $68. This price target suggests that the stock remain flat at its current price of $67.56.
Analysts have increased their outlook on the company based on intermodal growth.
J.B. Hunt shares were mostly flat during premarket trading Monday. The stock has increased 33% in the past year.
The Bottom Line
Shares of J.B. Hunt Transport Services, Inc.(JBHT) have a 0.89% yield, based on Friday’s closing stock price of $67.56.
J.B. Hunt Transport Services, Inc.(JBHT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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