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