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Fly News Breaks for February 4, 2016
HUBG
Feb 4, 2016 | 08:20 EDT
As noted earlier, Stifel upgraded Hub Group to Buy from Hold. The firm upgraded the shares after the company reported higher than expected Q4 EPS, and provided 2016 EPS guidance whose midpoint came in above the consensus estimate. The firm notes that the company's gross margins rose 30% year-over-year, and it thinks the company's free cash flow leaves it well-positioned to carry out share buybacks and M&A. Target $41.
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