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KeyBanc Upgrades Hub Group (HUBG) to Buy

May 13, 2014 6:47 AM EDT
Get Alerts HUBG Hot Sheet
Price: $43.22 +0.63%

Rating Summary:
    9 Buy, 16 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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KeyBanc upgraded Hub Group (NASDAQ: HUBG) from Hold to Buy with a price target of $53.00.

Analyst Todd C. Fowler cited : 1) greater than expected accretion from improved network efficiencies; 2) potential gross margin expansion from improved pricing and intermediate visibility into rail rates; 3) accelerating earnings growth; and 4) strengthening industry-wide intermodal volume and pricing dynamics.

The firm raised their 2014 estimate to $2.05 from $2.00, and 2015 estimate becomes $2.45 from $2.35.

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 $45.38 yesterday.



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