TD Cowen lowered the firm’s price target on Hub Group to $101 from $108 and keeps an Outperform rating on the shares. The firm said a weaker than expected Q3 was met with lowered 2023 guidance as softer IM rates and a challenged brokerage environment should persist alongside a relatively muted peak season.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HUBG: