BUZZ-Barclays lifts PT on US transportation companies as freight outlook improves
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Barclays has raised price targets for US transportation companies, including Old Dominion Freight Line, J.B. Hunt Transport, and Expeditors International, citing an improved freight outlook. Truckload rates are increasing, indicating a positive shift in the freight cycle. Old Dominion is managing pricing and costs effectively, while J.B. Hunt's intermodal volumes are outperforming rail partners. The new price targets are: Expeditors $135 (up from $110), J.B. Hunt $200 (up from $150), and Old Dominion $165 (up from $150).
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