Benchmark raised the firm’s price target on Hub Group (HUBG) to $98 from $85 and keeps a Buy rating on the shares. This week, Hub Group announced the acquisition of Forward Air Final Mile from Forward Air (FWRD), which fits with its strategy of increasing the mix of non-asset businesses, boosting the cadence of acquisitions, and integrating them at a quicker pace than over the last few years, the analyst tells investors in a research note.
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Read More on HUBG:
- Hub Group price target raised to $99 from $79 at Stifel
- Hub Group Expands Its Final Mile Service Offering through the Acquisition of Forward Air Final Mile
- Hub Group, Inc. to Webcast Fireside Chat at the 2023 Stephens Annual Investment Conference
- Hub Group, Inc. to Participate in Baird’s Global Industrial Conference
- Hub Group price target lowered to $85 from $98 at Benchmark
