1539 GMT – JB Hunt Transport Services is seen on the right track for a recovery in 2024. UBS analysts say in a research note that strong operations at rail service providers BNSF and Norfolk Southern pave the way for improved volume in JB Hunt’s intermodal segment. While weaker contract pricing is expected to pressure margins next year, the analysts see margins unlikely to decline further from the third quarter, with potential for price increases in the second half of 2024. They upgrade shares to neutral from sell and raise their price target to $205. Shares rise 0.1% to $188.30. (
ben.glickman@wsj.com; @benglickman)What to Read Next
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