Hub Group price target lowered to $80 from $86 at Barclays

Barclays lowered the firm’s price target on Hub Group to $80 from $86 and keeps an Equal Weight rating on the shares. Hub discussed an increasingly negative outlook with a $1 per share cut to earnings per share guidance supported by declining intermodal volumes, but "much improved profitability relative to prior cycle troughs suggest a robust long term earnings profile," the analyst tells investors in a research note.