Analysts have been eager to weigh in on the Services sector with new ratings on JB Hunt (NASDAQ:JBHT), Murphy USA (NYSE:MUSA) and Matson (NYSE:MATX).
JB Hunt (JBHT)
Stephens analyst Brad Delco reiterated a Buy rating on JB Hunt on July 9 and set a price target of $138. The company’s shares closed yesterday at $121.83.
According to TipRanks.com, Delco is a 4-star analyst with an average return of 13.6% and a 71.1% success rate. Delco covers the Services sector, focusing on stocks such as Covenant Transportation Group, Knight Transportation, and ArcBest Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for JB Hunt with a $132.17 average price target, implying an 8.5% upside from current levels. In a report issued on July 12, Credit Suisse also maintained a Buy rating on the stock with a $140 price target.
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Murphy USA (MUSA)
In a report issued on July 9, Ben Bienvenu from Stephens reiterated a Hold rating on Murphy USA, with a price target of $68. The company’s shares closed yesterday at $79.54.
According to TipRanks.com, Bienvenu is a 1-star analyst with an average return of -2.0% and a 46.3% success rate. Bienvenu covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Crossamerica Partners, and United Natural Foods.
The the analyst consensus on Murphy USA is currently a Hold rating.
Matson (MATX)
Stephens analyst Jack Atkins reiterated a Hold rating on Matson on July 9 and set a price target of $41. The company’s shares closed yesterday at $37.48, close to its 52-week high of $40.32.
According to TipRanks.com, Atkins is a 3-star analyst with an average return of 4.0% and a 56.9% success rate. Atkins covers the Services sector, focusing on stocks such as Expeditors International, Southwest Airlines, and United Continental.
Matson has an analyst consensus of Moderate Buy.
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