On Nov 02, major Wall Street analysts update their ratings for $Hub Group (HUBG.US)$, with price targets ranging from $44 to $48.
Morgan Stanley analyst Ravi Shanker maintains with a hold rating, and maintains the target price at $44.
UBS analyst Thomas Wadewitz maintains with a hold rating, and adjusts the target price from $48 to $47.
Benchmark Co. analyst Christopher Kuhn maintains with a buy rating, and maintains the target price at $47.
SIG analyst Bascome Majors maintains with a hold rating, and adjusts the target price from $50 to $48.
Furthermore, according to the comprehensive report, the opinions of $Hub Group (HUBG.US)$'s main analysts recently are as follows:
The company's adjusted outlook suggests that there will be ongoing yield challenges in brokerage and intermodal into the next quarter. However, potential revenue increases from a recent Mexico joint venture and cost advantages from network investments are likely to better position the company to capitalize on a possible freight recovery in the following year.
The company's results surpassed estimates and consensus forecasts for the third quarter. However, the guidance for the fourth quarter suggests a sequential decline, indicating that the peak may have arrived earlier than expected, with ongoing pricing pressures.
Here are the latest investment ratings and price targets for $Hub Group (HUBG.US)$ from 4 analysts:
Note:
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