BMO Capital analyst Fadi Chamoun raised the firm’s price target on Hub Group to $48 from $42 and keeps a Market Perform rating on the shares. The company’s Q4 operating results and FY24 guidance were below expectations, but intermodal volumes and operating margins have likely bottomed, with Hub Group seen as well-positioned to leverage what is likely to be the best intermodal demand cycle since 2015, the analyst tells investors in a research note.
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Read More on HUBG:
- Hub Group, Inc. Reports Fourth Quarter 2023 Results
- Hub Group price target lowered to $49 from $87 at Susquehanna
- HUBG Earnings this Week: How Will it Perform?
- Hub Group, Inc. Schedules Fourth Quarter 2023 Earnings Conference Call
- Hub Group downgraded to Neutral at Susquehanna on need for estimate cuts
