KeyBanc Upgrades Hub Group (HUBG) to Buy

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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