J.B. Hunt a ‘Must Own’ Says Barclays
2022.04.07 23:26
By Sam Boughedda
Investing.com — Barclays analyst Brandon Oglenski lowered the price target on JB Hunt Transport Services Inc (NASDAQ:JBHT) to $225 from $235 and kept an overweight rating on the shares Thursday, saying the stock is a “must own.”
The analyst made the statement, in a research note, based on the transportation and logistics company’s “historic” pullback.
He added that he is excited by its amicable growth plans with railroad firm Burlington Northern Santa Fe, which will look to increase container counts and leverage stronger customer relationships in the aftermath of the Covid-19 pandemic challenges.
Oglenski said the company tops Barclays’ list of incrementally attractive stocks during the current volatility.
After hitting a low of $166.81 during Thursday’s session, J.B. Hunt shares climbed to $172.61, up 1.1% on the day.
