Evercore ISI had previously added Hub Group (HUBG) and J.B. Hunt (JBHT) to the firm’s “Tactical Underperform” list on a view that the former’s 2024 estimates were too high and that the latter was a risk for a Q4 miss and downward estimate revisions for 2024 as well. However, with the earnings and revision catalysts behind them, the firm removes both from the “Tactical Underperform” lists and maintains Outperform ratings on both stocks.
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