- JPMorgan analyst Brian Ossenbeck downgraded J B Hunt Transport Services Inc (NASDAQ:JBHT) to Underweight from Neutral and lowered the price target to $150 (implying a downside of 11%), from $169.
- Ossenbeck is “turning more cautious” on J B Hunt, saying the stock is highly correlated with spot truckload rate momentum, which turned negative in early July. However, J B Hunt continues to trade a record premium to full truckload equities, Ossenbeck notes.
- The analyst sees the stock’s valuation as “at risk for relative underperformance, not a 2018 type of collapse.”
- Price Action: JBHT shares are trading lower by 1.99% at $169.61 on the last check Friday.
Ameriprise Financial Q3 EPS $5.91 Beats $5.48 Estimate
Ameriprise Financial (NYSE:AMP) reported quarterly earnings of $5.91 per share which beat the analyst consensus estimate of $5.48 by 7.85 percent. This is a 38.41 percent increase over earnings of $4.27 per share from
