** Brokerages lift PT on J.B. Hunt Transport Services JBHT.O after the U.S. trucking firm's Q3 profit rises
** Shares of the company jump 13% to $157 premarket
** TD Cowen says co is seeing near-term pressure or intermodal voulmes due to weak demand and elevated inventories
** Notes that longer-term fundamentals remain intact with expectations of recovery, as destocking trends normalize
** Morgan Stanley says co's earnings beat was driven by early progress on structural cost cuts, but long-term stock performance will depend on how sustainable those savings are and whether revenue growth follows
** 14 of 27 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $164.50- data compiled by LSEG
** Stock down 18.7% YTD, as of last close
Brokerages | New PT | Old PT | Upside from the stock's last close |
TD Cowen | $152 | $140 | 9.5% |
$150 | $145 | 8% | |
Stephens | $180 | $160 | 29.7% |
Citi | $175 | $163 | 26% |
BofA | $175 | $153 | 26% |
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))