Raymond James has lowered its price target for Hub Group (NASDAQ:HUBG) to $50 from $51, while maintaining an Outperform rating. The firm believes Hub Group is well-positioned for structural intermodal growth tied to a potential UNP-NSC merger and a cyclical margin recovery, despite recent “near-term noise” from delayed fourth-quarter results and accounting errors. Other analysts, including Baird and Stifel, have downgraded Hub Group due to a disclosed $77 million accounting error.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Hub Group stock price target lowered to $50 by Raymond James
Raymond James has lowered its price target for Hub Group (NASDAQ:HUBG) to $50 from $51, while maintaining an Outperform rating. The firm believes Hub Group is well-positioned for structural intermodal growth tied to a potential UNP-NSC merger and a cyclical margin recovery, despite recent “near-term noise” from delayed fourth-quarter results and accounting errors. Other analysts, including Baird and Stifel, have downgraded Hub Group due to a disclosed $77 million accounting error.