KeyBanc Upgrades Hub Group (HUBG) to Buy
Get Alerts HUBG Hot Sheet
Rating Summary:
9 Buy, 16 Hold, 0 Sell
Rating Trend: 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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