BMO raises PT on J.B. Hunt, sees favorable outlook for intermodal business
05/06/2026 13:02
BUZZ-BMO raises PT on J.B. Hunt, sees favorable outlook for intermodal business ** BMO raises price target on U.S. trucking firm J.B. Hunt Transport Services JBHT.O to $320 from $250; reiterates "outperform" rating
** New PT represents a 13% upside to stock's last close
** Brokerage says elevated spot truckload rates, tightening capacity, and stronger contract pricing combined with a supportive demand backdrop should favor J.B. Hunt, particularly its intermodal business
** Median PT of 24 brokerages covering the stock is $248 - data compiled by LSEG
** As of last close, JBHT up 45.8% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))