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J.B. Hunt Transport Services Inc. saw its stock rise after Credit Suisse First Boston upgraded its investment rating. (Business Briefs).


J.B. Hunt Transport Services Inc. saw its stock rise after Credit Suisse First Boston upgraded its investment rating on its shares to "buy" from "sell" with a target price in the mid- to upper-$20 range. CSFB upgraded J.B. Hunt based on a "turnaround driven by consistent improvements in its core truck and dedicated contract services unit, which provides dedicated logistics services." J.B. Hunt shares have gained about 33 percent so far this year, compared with a 20 percent drop in the Nasdaq. BB&T Capital Markets initiated coverage of J.B. Hunt with a "long-term buy" recommendation.

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Comment:J.B. Hunt Transport Services Inc. saw its stock rise after Credit Suisse First Boston upgraded its investment rating. (Business Briefs).
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 24, 2001
Words:101
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