JP Morgan Downgrades Hub Group to Neutral, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has downgraded Hub Group (NASDAQ:HUBG) from Overweight to Neutral and lowered the price target from $100 to $84.
October 27, 2023 | 10:36 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Hub Group has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $84.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Hub Group. The lowered price target suggests that JP Morgan sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100