Hub Group price target lowered to $40 from $85 at Barclays

Barclays lowered the firm’s price target on Hub Group to $40 from $85 and keeps an Equal Weight rating on the shares. The company’s Q4 report is not as negative as it appears, after excluding charges related to a recent Final Mile acquisition, but the “tepid” 2024 guidance and commentary for a sequential decline in Q1 earnings were likely below investor expectations, the analyst tells investors in a research note.