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Fly News Breaks for June 26, 2018
HUBG
Jun 26, 2018 | 06:11 EDT
Loop Capital analyst Rick Paterson raised his price target on Hub Group to $54 after his meetings with the management, saying the color and context they provided behind the guidance of the Q1 earnings call was also "very optimistic". Paterson cites the positive flow-through of the trucking "supercycle" into rail, tight capacity among large players, and "less whiny" customer response about the service. The analyst keeps his Hold rating on Hub Group.
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