Hub Group downgraded to In Line from Outperform at Evercore ISI

Evercore ISI downgraded Hub Group (HUBG) to In Line from Outperform with a $44 price target. The firm’s estimates for Hub are broadly unchanged and the firm still forecasts material EPS growth next year, but after material relative outperformance over the last three months, the stock is nearing the firm’s price target and now trades at a much narrower relative multiple to J.B. Hunt (JBHT) than it has historically, the analyst tells investors.