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Fly News Breaks for April 7, 2016
HUBG
Apr 7, 2016 | 08:21 EDT
As noted earlier, Stifel downgraded Hub Group to Hold from Buy. The firm says that it downgraded the stock due to "challenging industry pricing dynamics...driven by aggressive shipper negotiation strategies." The shippers have adopted these strategies due to "excess capacity and mediocre demand," the firm explained.
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