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Goldman Sachs stays bullish on J.B. Hunt stock despite weak 1Q EBIT outlook


Published on 2025-01-17 09:41:09 - MSN
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  • Goldman Sachs reiterated its Buy rating and $188.00 price target for J.B. Hunt Transport Services (NASDAQ:JBHT). According to InvestingPro data, the stock is currently trading slightly above its Fair Value,

Goldman Sachs has maintained a bullish stance on J.B. Hunt Transport Services Inc. despite the company's weaker-than-expected first-quarter earnings before interest and taxes (EBIT) outlook. Analyst Jordan Alliger from Goldman Sachs reiterated a Buy rating on the stock, setting a price target of $201, which suggests a potential 20% increase from its current levels. This optimism comes even as J.B. Hunt forecasted an EBIT of $185 million to $195 million for the first quarter, falling short of the $217.2 million consensus estimate. Alliger's confidence is based on expectations of a recovery in freight demand, particularly in the intermodal segment, and the potential for J.B. Hunt to benefit from a more favorable pricing environment as the year progresses. Additionally, the firm's strategic positioning and operational improvements are seen as positive factors for future growth.

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