Investing.com — Barclays analyst Brandon Oglenski lowered the price target on JB Hunt Transport Services Inc (NASDAQ:) to $225 from $235 and kept an overweight rating on the shares Thursday, saying the stock is a “must own.”

In a research note, the analyst stated the following: “Historical” pullback of transportation and logistics companies.

He also said that he was excited about the firm’s friendly growth plans with Burlington Northern Santa Fe railroad, which will be looking to expand container count and strengthen customer relations in the wake of the Covid-19 pandemic.

Oglenski claimed that Oglenski’s company ranks among the top Barclays list of attractive stocks in the current volatility.

J.B. Hunt shares increased to $172.61 on Thursday after hitting an intraday low of $166.81. This was 1.1% more than the prior day.