Morgan Stanley Maintains Equal-Weight Rating for JB Hunt Transport Servs: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of JB Hunt Transport Servs JBHT and lower its price target from $170.00 to $169.00.

Shares of JB Hunt Transport Servs are trading up 0.0% over the last 24 hours, at $188.52 per share.

A move to $169.00 would account for a 10.35% decrease from the current share price.

About JB Hunt Transport Servs

J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement of its owned containers (47% of sales in 2022); dedicated trucking services that provide customer-specific fleet needs (23%); for-hire truckload (7%); heavy goods final-mile delivery (7%), and asset-light truck brokerage (16%).

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This article was generated by Benzinga's automated content engine and reviewed by an editor.