News J.B. Hunt Transport Services Receives Sell Rating from UBS Group

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On Wednesday, October 26, the analysts at UBS Group assigned a “sell” rating to shares of J.B. Hunt Transport Services (NASDAQ: JBHT). This is a significant downgrade from their previous rating of “neutral” and has many investors concerned about the company’s future outlook. In this blog post, we will take a closer look at the recent ratings changes and what they mean for the trucking industry as a whole.

Benchmark decreased its price target on J.B. Hunt Transport Services on Thursday, October 20 in a research report that was released. The new price target is $195.00, down from $215.00. This is concerning news for investors who are considering buying stock in the company since it implies that the stock may not be worth as much as it was previously thought to be worth.

While Benchmark did lower its price target on JBHT, the investment firm Susquehanna gave JBHT a “positive” rating in a report that was made public on October 19th and maintained their previous price target of $210 per share for the company's stock. This indicates that Susquehanna believes there is potential upside to investing in JBHT despite UBS Group's decision to downgrade their rating to "sell".

It is important to note that these ratings and price targets are just recommendations and should not be taken as financial advice by any means; they are simply meant to give investors an idea of how Wall Street views various companies and stocks at any given time. Furthermore, it is important for investors to do their own due diligence before making any investment decisions so that they can make sure they are making informed decisions about where they choose to invest their money.

As we can see from all of these different ratings changes and revisions to price targets, there seems to be some disagreement among Wall Street analysts on how they view JBHT's prospects going forward into 2021 and beyond.. Whether or not UBS Group's downgrade will have an impact on the trucking industry remains to be seen; however, one thing is certain - investors need to do their own due diligence before investing in any stock or company so that they can make sure they understand all of the risks involved with such investments before making any final decisions about where they choose to put their money. Thanks for reading!
 
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