New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
06:32 EDTJBHTJ.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.
News For JBHT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 29, 2015
12:13 EDTJBHTTrucking stocks under pressure after BofA downgrades four stocks
Trucking stocks are lower this morning after Ken Hoexter and his team at Bank of America/Merrill Lynch downgraded four stocks in the sector. The firm referenced "a rapid decline in macro transport statistics," as well as continued weakness in its concurrent bi-weekly proprietary Truck Shipper Survey. LESS-THAN-TRUCKLOAD CARRIERS: Hoexter and his team downgraded less-than-truckload, or LTL, carriers ArcBest (ARCB) and Con-way (CNW) to Underperform from Neutral citing increasing pressure on industrial data points. The firm added that LTLs will experience more pressure than truckload carriers. Price objectives for ArcBest and Con-way were lowered to $36 and $42, respectively.TRUCKLOAD CARRIERS: Bank of America/Merrill Lynch downgraded truckload carriers Knight Transportation (KNX) and J B Hunt (JBHT) to Neutral from Buy. Due to soft macro data, the firm anticipates volume pressures in the second and third quarters for the two trucking firms. Price objectives for Knight Transportation and J.B. Hunt were lowered to $33 and $90, respectively. PRICE ACTION: In midday trading, ArcBest is down over 5%, while Con-way is lower by almost 5%. Knight Transportation is down almost 6%, while J B Hunt is down less than 1%.
10:01 EDTJBHTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:34 EDTJBHTJ.B. Hunt downgraded to Neutral from Buy at BofA/Merrill
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use