UBS analyst Thomas Wadewitz lowered the firm’s price target on Hub Group to $76 from $84 and keeps a Neutral rating on the shares after a sharp decline in Intermodal margin drove downside in Q3 EPS. Following the report, the firm is lowering its Q4 EPS estimate to be consistent with Hub’s new, lower 2023 guidance range and also to reflect a lower run rate for ITS margin, the analyst tells investors.
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