Sterne Agee maintained Hub Group HUBG with a Buy and raised the price target from $44.00 to $47.00.
Sterne Agee said, "From the sound of it, HUBG's two-year long restructuring may be nearly complete as Truck Brokerage and Logistics margins improved meaningfully this quarter. Railroad intermodal shows improved profits from a higher drayage penetration as well, leading us to believe that HUBG could be in a position once its 2013 capital budget is behind them to use their free cash flow to generate additional growth again. One quarter does not make a trend, but bears watching."
Hub Group closed at $37.20 on Tuesday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in