Evercore ISI analyst Jonathan Chappell raised the firm’s price target on Hub Group (HUBG) to $99 from $88 and keeps an Outperform rating on the shares, but is placing the stock on the firm’s “Tactical Underperform” list. Though the firm has a favorable view on the intermodal volume growth outlook and an eventual bottoming of prices, it also believes pricing pressure has yet to ease, leading to the greatest risk of downward EPS revisions for the company and peer J.B. Hunt (JBHT).
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