Hub Group price target raised to $42 from $40 at Barclays

Barclays analyst Brandon Oglenski raised the firm’s price target on Hub Group (HUBG) to $42 from $40 and keeps an Equal Weight rating on the shares post the Q3 report. The company’s tightened guidance implies yield challenges in brokerage and intermodal will continue into Q4, but incremental revenue opportunities from a newly formed Mexico joint venture and cost benefits from network investments likely position Hub to better leverage a potential freight recovery next year, the analyst tells investors in a research note.