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Fly News Breaks for April 9, 2018
HUBG
Apr 9, 2018 | 09:08 EDT
Stephens analyst Justin Long trimmed his Q1 estimate for Hub Group by 3c due to rail service headwinds, primarily in the East, but he also thinks the 18% year-to-date pullback in the stock, which he attributes to worries about the issue, has been overdone. The analyst, who thinks the demand environment is still strong and that intermodal pricing is trending at or above expectations, sees the pullback as a buying opportunity and reiterates an Overweight rating and $59 price target on Hub Group shares.
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