Jefferies Downgrades J.B. Hunt Transport Services (JBHT) to Hold

Jefferies downgraded J.B. Hunt Transport Services (NASDAQ: JBHT) from Buy to Hold with a price target of $53 (down from $57).

The firm comments, "We downgraded JBHT after a 33% move off the October 3 lows. We believe our call from mid-October — that U.S. freight flows had started to strengthen and that investors should increase risk exposure to our stocks — has become the consensus view. Moreover, our short-cycle indicators recently turned negative."

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 $47.56 yesterday.

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