Barclays Initiates Coverage on Four Transportation Stocks

Analysts at Barclays initiated coverage on four “asset-light” transportation stocks Wednesday.

C.H. Robinson Worldwide Inc. CHRW initiated Equal-weight rating with $70 price target.
Hub Group, Inc. HUBG initiated Equal-weight rating with $45 price target
XPO Logistics Inc XPO initiated Overweight rating with $45 price target.
Expeditors International of Washington EXPD initiated Underweight rating with $38 price target.

Leading the group higher is XPO logistics Inc adding 2 percent, while Hub Group Inc is the leader to the downside, losing 9.2 percent Wednesday afternoon.