Susquehanna analyst Bascome Majors lowered the firm’s price target on Hub Group to $88 from $110 and keeps a Positive rating on the shares. The firm cut its estimates as continually falling forecasts in transports leave more questions than answers versus the idea that newly flexible rail pricing would smooth intermodal’s historic cyclically.
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 the top stocks recommended by analysts >>
Read More on HUBG: