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- Benchmark analyst Christopher Kuhn reiterated a Buy rating on Hub Group Inc HUBG with a price target of $110.
- The analyst expects the company's intermodal price/load to be pressured this year, negatively impacting margins.
- The analyst lowered the 1Q EPS estimate to $1.85 from $1.97, given caution around demand trends.
- FY23 EPS is reduced to $7.42 from $7.71, which is now down 30% compared to 2022. FY24 estimate is reduced to $7.65 from $8.03.
- However, new rail relationships, cost levers, strong balance sheet and FCF should provide less earnings volatility over the long term.
- Price Action: HUBG shares are trading higher by 0.72% at $81.17 on the last check Friday.
- Photo Via Company
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