UPDATE: JPMorgan Upgrades Hub Group (HUBG) to Overweight

(Updated - October 4, 2019 5:15 AM EDT)

(updated to add analyst comment)

JPMorgan analyst Brian Ossenbeck upgraded Hub Group (NASDAQ: HUBG) from Neutral to Overweight with a price target of $60.00 (from $51.00).

The analyst comments "Implementing the new rail operating model should improve service and re-kindle the potential for market share gains over a multi-year period, especially if regulations continue removing truckload capacity. We expect the company’s recent strategic initiatives and focus on revenue management will provide greater visibility in achieving a 5% operating margin target along with improving free cash flow."

For an analyst ratings summary and ratings history on Hub Group click here. For more ratings news on Hub Group click here.

Shares of Hub Group closed at $46.00 yesterday.

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