Susquehanna lowered the firm’s price target on Hub Group (HUBG) to $42 from $47 and keeps a Positive rating on the shares as part of a Q3 earnings preview for the logistics and trucking group. The firm cut estimates across the sector, saying pricing and margin improvement “remain in the distance.” The Q3 supply chain “snap-back” was modest in truckload, the analyst tells investors in a research note.
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Read More on HUBG:
- Hub Group Positioned for Growth Amid Rail Merger and Operational Efficiency
- Hub Group price target lowered to $42 from $44 at Baird
- Cautious Hold Rating for Hub Group Amid Revenue Decline and Demand Uncertainty
- Hub Group’s Earnings Call: Strategic Gains Amid Revenue Challenges
- Hub Group price target raised to $47 from $46 at Susquehanna