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JBHT J B Hunt Transport Services News Story

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Brokerages lift J.B. Hunt PT after Q3 profit rises

** Brokerages lift PT on J.B. Hunt Transport Services JBHT.O after the U.S. trucking firm's Q3 profit rises

** Shares of the company jump 13% to $157 premarket

** TD Cowen says co is seeing near-term pressure or intermodal voulmes due to weak demand and elevated inventories

** Notes that longer-term fundamentals remain intact with expectations of recovery, as destocking trends normalize

     ** Morgan Stanley says co's earnings beat was driven by early progress on structural cost cuts, but long-term stock performance will depend on how sustainable those savings are and whether revenue growth follows

** 14 of 27 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $164.50- data compiled by LSEG

** Stock down 18.7% YTD, as of last close

BrokeragesNew PTOld PTUpside from the stock's last close
TD Cowen$152$1409.5%
Morgan Stanley$150$1458%
Stephens$180$16029.7%
Citi$175$16326%
BofA$175$15326%
(Reporting by Apratim Sarkar in Bengaluru) ((Apratim.Sarkar@thomsonreuters.com))

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