J.B. Hunt downgraded at BofA/Merrill As previously reported, BofA/Merrill downgraded J.B. Hunt to Neutral from Buy. The firm downgraded shares given service issues at Burlington Northern Santa Fe resulting in lower intermodal load growth forecasts. Price target reduced to $78 from $85.
J.B. Hunt sees FY15 operating income up 11%-14%, consensus $3.71 Sees FY15 revenue up 9%-12%, consnesus $6.88B. Sees FY15 interest expense up 3%-5%. Sees FY15 CapEx $640M. Guidance from presentation slides.