BofA Upgrades JB Hunt (JBHT) to Buy, Downgrades Con-Way (CNW) to Neutral

In the Trucking space, an analyst at BofA-Merrill Lynch has made the following investment rating changes:

• JB Hunt (Nasdaq: JBHT) upgraded from Neutral to Buy with a $37 price target, and
  
• Con-Way (NYSE: CNW) downgraded from Buy to Neutral, price target also reduced from $50 to $35

The upgrade/downgrade trade follows Con-Way's Q3 results which were issued after the close yesterday. Shares of the trucker are down more than 4% today, most recently trading at $31.31.

Notably, JB Hunt reported its Q3 earnings on October 19. The stock is rallying this morning, currently up 3.7% to around $33 in the pre-market session.

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Downgrades, Upgrades

Related Entities

Merrill Lynch, Bank of America

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