Buy or sell dice 3d rendering isolated on white background.

SEEKING ALPHA reports:

– J.B. Hunt Transport (JBHT -1.9%) tumbles as much as 3% after J.P. Morgan downgrades shares to Underweight from Neutral with a $150 price target, trimmed from $169, saying the stock is highly correlated with spot truckload rate momentum, which turned negative in early July.

– J.P. Morgan analyst Brian Ossenbeck says J.B. Hunt trades a record premium to full truckload equities, but the stock’s valuation is “at risk for relative underperformance, not a 2018 type of collapse.”

The full post is here (free reg. ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.