Hub Group price target lowered to $43 from $45 at Stifel

Stifel lowered the firm’s price target on Hub Group to $43 from $45 and keeps a Buy rating on the shares. While starting to see more positive signs of market bottom and a return to normalcy, there is nothing yet that rises to the level of sustainable positive rate inflection, prompting management to downgrade guidance to a more conservative range, putting pressure on near-term upside in the stock, the analyst tells investors. However, longer-run, Hub Group is “a better, more diversified, more resilient, and structurally higher-growth organization with better cash flow generation than the confines of its historical valuation range would imply,” the analyst tells investors.