J.B. Hunt Faces Margin Squeeze As Spot Rates Surge: Analyst
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) said peak season unfolded largely as expected, neither strong nor weak, but warned that freight conditions remain especially challenging, with persistent pressure in its brokerage business.Against that backdrop, Bank of America Securities analyst Ken Hoexter raised his price forecast for J.B. Hunt Transport Services to 208, while keeping a Buy rating.Hoexter wrote that while the company’s peak-season commentary suggested stability in volumes, the b ...