Hub Group price target lowered to $45 from $46 at Stifel

Stifel analyst J. Bruce Chan lowered the firm’s price target on Hub Group (HUBG) to $45 from $46 and keeps a Buy rating on the shares after the company’s Q2 report. While acknowledging that there were some headwinds from the persistently soft macro environment, the firm argues that “Hub has a lot of levers in the near and long term” and identifies it as the analyst’s best small-cap idea.