BMO Capital analyst Fadi Chamoun reiterated an Outperform rating and $195.00 price target on J.B. Hunt Transport Services (NASDAQ: JBHT).

The analyst commented: "Earnings came in above expectations with better results being reported across segments. While we see risk of some demand give back following pull forward of volumes in Q3/24, we are encouraged by local east highway conversion, which we see as indicative of a broader ability to regain share. The primary risk remains the timeline for a recovery in price. Should markets not tighten in the coming months, there is a risk that more material earnings upside will be pushed out to 2026. We rate JBHT Outperform."

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Shares of J.B. Hunt Transport Services closed at $174.65 yesterday.