Hub Group price target lowered to $85 from $98 at Benchmark
The Fly

Hub Group price target lowered to $85 from $98 at Benchmark

Benchmark lowered the firm’s price target on Hub Group to $85 from $98 and keeps a Buy rating on the shares. The firm lowered its estimates and price target after the company’s Q3 earnings report late last week and says “guidance keeps coming down and it is getting harder to stay positive.” However, the firm still thinks Hub is well positioned when import activity increases given new rail agreements and improved cost structure, the analyst tells investors.

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