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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