KeyBanc Upgrades Hub Group (HUBG) to Buy
HUBG Hot Sheet
Rating Summary:5 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
KeyBanc upgrades Hub Group (Nasdaq: HUBG) to Buy. Price target $28.
KeyBanc analyst says, "...In our view, the Company's expanded relationship with Union Pacific (NYSE: UNP) has two potential favorable outcomes, including: 1) reduced purchase transportation costs; and/or 2) share gains from operational/contractual issues related to Pacer International, Inc. (NASDAQ: PACR). Coupled with a solid balance sheet, management's operational focus and valuation, we believe shares represent an attractive risk/reward at current levels. Our $28 price target represents 23x our 2010 estimate of $1.20 and 21x on a cash adjusted basis."
To see more analyst ratings on HUBG Click Here.
Hub Group, Inc. is an asset-light freight transportation management companies.
KeyBanc analyst says, "...In our view, the Company's expanded relationship with Union Pacific (NYSE: UNP) has two potential favorable outcomes, including: 1) reduced purchase transportation costs; and/or 2) share gains from operational/contractual issues related to Pacer International, Inc. (NASDAQ: PACR). Coupled with a solid balance sheet, management's operational focus and valuation, we believe shares represent an attractive risk/reward at current levels. Our $28 price target represents 23x our 2010 estimate of $1.20 and 21x on a cash adjusted basis."
To see more analyst ratings on HUBG Click Here.
Hub Group, Inc. is an asset-light freight transportation management companies.
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