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Upgrade Alert for JB Hunt Transport Services (JBHT)

By James Quinn

JB Hunt Transport Services (NASDAQ:JBHT) was upgraded from Neutral to Buy at Buckingham today. The stock closed yesterday at $84.25 on volume of 870,000 shares, above average daily volume of 798,000.

JB Hunt Transport Services share prices have moved between a 52-week high of $93.50 and a 52-week low of $63.58 and closed yesterday at 33% above that low price at $84.25 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Potential upside of 3.4% exists for JB Hunt Transport Services, based on a current level of $84.25 and analysts' average consensus price target of $87.14. The stock should find initial support at its 50-day moving average (MA) of $83.24 and further support at its 200-day MA of $77.24.

J.B. Hunt Transport Services, Inc. and its subsidiaries provide transportation and logistics services in the United States, Canada, and Mexico. The Company transports a variety of products including automotive parts, department store merchandise, paper and wood products, food and beverages, plastics, chemicals, and manufacturing materials and supplies.

SmarTrend is tracking the current trend status for JB Hunt Transport Services and will alert subscribers who have JBHT in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades JB Hunt Transport Services

Ticker(s): JBHT