Nomura Securities Starts J.B. Hunt Transport Services (JBHT) at Buy

Nomura Securities initiates coverage on J.B. Hunt Transport Services (NASDAQ: JBHT) with a Buy rating and a price target of $90.00.

Analyst Matt Troy commented, "With the largest fleet of 53-foot containers and drayage operations in North America, J.B. Hunt’s (JBHT) critical mass in intermodal uniquely positions it to benefit from the long-term secular trend of freight moving from road to rail. This is a significant, long-tailed opportunity as 1) a single point of market share gain from the trucking industry can potentially drive 25–35% growth in the total intermodal market, and 2) investments by the eastern rails are just beginning to open up new markets. We believe JBHT’s market clout and pricing autonomy create a deep competitive moat that makes it the most direct and capital efficient play on one of the most significant secular trends in Transport."

For an analyst ratings summary and ratings history on J.B. Hunt Transport Services click here. For more ratings news on J.B. Hunt Transport Services click here.

Shares of J.B. Hunt Transport Services closed at $80.43 yesterday.

You May Also Be Interested In

• J.B. Hunt Transport Services (JBHT) Declares $0.43 Quarterly Dividend; 1% Yield
• MarineMax (HZO) PT Lowered to $35 at Stifel
• Keurig Dr Pepper (KDP) PT Raised to $39 at Jefferies