UPDATE: UBS Upgrades Hub Group (HUBG) to Buy

UBS analyst Thomas Wadewitz upgraded Hub Group (NASDAQ: HUBG) from Neutral to Buy with a price target of $67.00 (from $58.00).

The analyst comments "We are raising our rating on HUBG from Neutral to Buy because we believe a combination of HUBG's strong leverage to intermodal pricing and our expectation of accelerating volume growth point to significant upside EPS (vs Consensus) and also attractive upside for the stock. We are maintaining our 2021E EPS of $3.60 and raising our 2022E EPS to $4.45, which are 15% and 21% above Consensus, respectively. We expect upside EPS to translate to an attractive runway for HUBG stock even assuming a P/E below current valuation."

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 $54.22 yesterday.

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