BUZZ-JB Hunt rises after announcing new $1 bln share repurchase program
Reuters · 08/19 13:47
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** Shares of U.S. trucking firm J.B. Hunt JBHT.O rise 1.2% to $172.45
** The company said on August 16 its board adopted a share repurchase program authorizing the repurchase of $1 bln of its common stock
** JBHT added this repurchase program will begin after the completion of its existing $500 million repurchase program
** 15 out of 23 brokerages rate the stock "buy" or higher, and 8 "hold"; their median PT is $185 - LSEG
** YTD, stock has fallen 14.7% vs 3.7% rise in the S&P 500 Ground Transportation index .SPLRCRAR
(Reporting by Abhinav Parmar in Bengaluru)
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