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JB Hunt Stock Sinks As Rising Driver and Fuel Costs Hit Q3 Outlook
JB Hunt Stock falls after a third-quarter earnings warning, rising costs and three analyst price-target cuts.
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JP Morgan Maintains Overweight on JB Hunt Transport Servs, Lowers Price Target to $287
JP Morgan analyst Brian Ossenbeck maintains JB Hunt Transport Servs (NASDAQ:JBHT) with a Overweight and lowers the price target from $313 to $287.
TD Cowen Maintains Hold on JB Hunt Transport Servs, Lowers Price Target to $283
TD Cowen analyst Jason H. Seidl maintains JB Hunt Transport Servs (NASDAQ:JBHT) with a Hold and lowers the price target from $297 to $283.
Shares of logistics and freight-related companies are trading lower after C.H. Robinson announced it will acquire RXO at an implied value of $5.8 billion, which may lead to more competition and lower margins for freight operators. Also, high diesel prices continue to weigh on the sector with the Trump administration slow to set policy to address the U.S. distillates shortage.
Susquehanna Maintains Positive on JB Hunt Transport Servs, Lowers Price Target to $305
Susquehanna analyst Bascome Majors maintains JB Hunt Transport Servs (NASDAQ:JBHT) with a Positive and lowers the price target from $345 to $305.