Hub Group price target raised to $99 from $79 at Stifel
The Fly

Hub Group price target raised to $99 from $79 at Stifel

Stifel raised the firm’s price target on Hub Group (HUBG) to $99 from $79 and keeps a Buy rating on the shares. Hub Group announced the acquisition of the Final Mile operation of Forward Air (FWRD), which should be margin, EPS, and cash accretive to Hub next year, the analyst tells investors in a research note. Hub Group should have more revenue synergies available from FAFM via cross-selling opportunities with its middle mile business, and the acquisition should give it more than 3% of the ~$15B heavy goods final mile market, the firm contends.

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