J.P. Morgan Maintains Overweight on J.B. Hunt Transport Services

J.P. Morgan is out with its report today on J.B. Hunt Transport Services JBHT, maintaining Overweight. In a note to clients, J.P. Morgan writes, "We are maintaining our EPS estimates and price target for JBHT and despite solid performance of the stock in 2011 we believe upside remains attractive for this name. JBHT is one of only a few freight transport stocks which potentially benefit from higher fuel prices. For JBHT rising fuel prices provide further incentive for shippers to consider switching truckload volume to intermodal. We continue to rate JBHT Overweight and we see meaningful upside for JBHT stock, which remains on the J.P. Morgan Analyst Focus List." J.P. Morgan maintains a $54 PT on JBHT. At the time of posting, shares of JBHT were trading pre-market at $47.80, up 0.19% from Thursday's close.