Benchmark boosts J.B. Hunt PT on intermodal strength

Benchmark lifts price target on U.S. trucking firm J.B. Hunt Transport Services JBHT.O to $230 from $220, reiterates "buy" rating

New PT represents a 5.6% upside to stock's last close

Benchmark says strong rail service and tight truckload capacity remain supportive for intermodal growth

Adds North American intermodal volumes were flat year over year in Q1, with domestic lanes outperforming as weak West Coast imports weighed on international traffic

Separately, Citi also hikes PT to $228 from $221

13 of 26 brokerages rate the stock "buy" or higher, 11 "hold" and one "sell"; their median PT is $217.50 - data compiled by LSEG

As of last close, stock had risen 12% YTD