J.B. Hunt falls on lower quarterly profit, brokerages cut PT

Shares of J. B. Hunt Transport Services JBHT.O fall 6.62% to $126 premarket

JBHT Q1 profit falls 7.6% on higher costs, contract service weakness

JBHT posts Q1 revenue of $2.92 bln vs analysts' estimate of $2.90 bln, according to data compiled by LSEG

At least five brokerages cut PT

"We are lowering our estimates in recognition of elevated macro uncertainty and to reflect potential downside risk to intermodal volumes" - BMO Capital Markets

"Intermodal bid season has been competitive, and we are now expecting less price growth this year" - Stephens

16 of 26 brokerages rate the stock "buy" or higher, 9 "hold" and one "sell"; their median PT is $165 - LSEG

As of last close, stock down ~21% YTD