Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

CSFB Raises JB Hunt to Buy


CS First Boston upgrades JB Hunt Transport (JBHT) to buy from sell.

Analyst Gary Yablon says he lowered JB Hunt several months ago from hold to sell based on relative valuation within the truckload segment and lack of conviction that management would be able to improve profitability at its core truck operations. Yablon says that he is becoming more convinced JB Hunt is finally moving down the path towards consistent improvements in its truck and dedicated contract services operations.

He thinks this will be evident in the fourth quarter, so he raises $0.09 fourth quarter EPS estimate to $0.15, $0.90 2002 EPS estimate to $1.10. He has a mid- to upper-$20 price target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus