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Analysts Offer Insights on Industrial Goods Companies: JB Hunt (JBHT) and NN (NNBR)

Tipranks - Fri Apr 17, 4:54AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on JB Hunt (JBHT) and NN (NNBR) with bullish sentiments.

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JB Hunt (JBHT)

In a report released yesterday, Ken Hoexter from Bank of America Securities reiterated a Buy rating on JB Hunt, with a price target of $250.00. The company’s shares closed last Wednesday at $224.17.

According to TipRanks.com, Hoexter is a 3-star analyst with an average return of 1.0% and a 48.5% success rate. Hoexter covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian Pacific Kansas City, and Canadian National Railway. ;'>

JB Hunt has an analyst consensus of Moderate Buy, with a price target consensus of $224.54, representing a -2.1% downside. In a report issued on April 7, J.P. Morgan also maintained a Buy rating on the stock with a $213.00 price target.

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NN (NNBR)

In a report released yesterday, Robert Brown from Lake Street maintained a Buy rating on NN, with a price target of $6.00. The company’s shares closed last Wednesday at $1.98.

According to TipRanks.com, Brown is a top 100 analyst with an average return of 52.6% and a 57.0% success rate. Brown covers the Industrial Goods sector, focusing on stocks such as Energy Services of America, Babcock & Wilcox Company, and Pioneer Power Solutions. ;'>

Currently, the analyst consensus on NN is a Strong Buy with an average price target of $5.00, which is a 177.8% upside from current levels. In a report released yesterday, Noble Financial also maintained a Buy rating on the stock with a $6.00 price target.

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