UPDATE: UBS Starts J.B. Hunt Transport Services (JBHT) at Neutral

(Updated - October 9, 2015 9:09 AM EDT)

UBS initiated coverage on J.B. Hunt Transport Services (NASDAQ: JBHT) with a Neutral rating and $81 price target.

Analyst Thomas Wadewitz commented, "JBHT has a leading position in the intermodal market, a differentiated business in Dedicated Contract trucking, and a fast growing truck brokerage business which all support an attractive long term growth story. Nevertheless, the volume growth and pricing in these businesses is sensitive to supply / demand and freight growth in the truckload market which has been muted in 2015 following a strong / tight market in 2014. We believe reward / risk is balanced for JBHT and we initiate with a Neutral."

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 $75.35 yesterday.

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