Hub Group price target lowered to $95 from $105 at Susquehanna

Susquehanna analyst Bascome Majors lowered the firm’s price target on Hub Group to $95 from $105 and keeps a Positive rating on the shares. The analyst said the revised outlook feels rational and it’s hard to see intermodal volumes getting much worse than the nearly 20% Y/Y declines HUBG endured in March and April.