Citi Maintains Hold on J.B. Hunt Transport Services

Citi is out with its report today on J.B. Hunt Transport Services JBHT, maintaining Hold. In a note to clients, Citi writes, "We maintain our Hold rating and $50 price target, which is based on 20x multiple of our revised 2012 EPS estimate of $2.50, near the high end of the company's historical range of 12.5x to 21.6x, justified given its robust volume and yield growth, particularly in its Intermodal segment." At the time of posting, shares of JBHT were trading pre-market at $47.72, up 0.02% from Thursday's close.