Barclays Maintains an 'Overweight' on J.B. Hunt Transport (JBHT); Meeting Highlights Potential

Barclays maintains an 'Overweight' on J.B. Hunt Transport Services (NASDAQ: JBHT) price target of $52.00.

Barclays analyst says, "Yesterday we hosted meetings with J.B. Hunt management and walked away encouraged by the company's outlook for intermodal conversion, dedicated growth and new customer opportunities. We believe the intermodal story remains on track despite macro concerns and expect JBHT to continue producing strong results. Management meetings reaffirmed our view that JBHT is benefiting from the company's differentiated intermodal and dedicated offerings. We expect growth at
JBHT will outperform throughout the cycle, likely creating material equity gains for shareholders."

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 $44.52 yesterday.

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