Morgan Stanley Maintains Equal-Weight on Hub Group, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Equal-Weight rating on Hub Group (NASDAQ:HUBG) but lowered the price target from $89 to $86.
August 04, 2023 | 9:29 am
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Morgan Stanley has maintained an Equal-Weight rating on Hub Group but lowered the price target from $89 to $86.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Hub Group in the short term. This is because the new price target suggests that the analyst believes the stock is currently overvalued.
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