JP Morgan Downgrades Hub Group: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has downgraded its rating of Hub Group (NASDAQ:HUBG) to Neutral with a price target of $84.00, a decrease from its previous target of $100.00. Hub Group's shares are currently trading down 10.23% at $65.55 per share. A move to $84.00 would account for a 28.15% increase from the current share price.
October 27, 2023 | 5:00 pm
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NEGATIVE IMPACT
JP Morgan's downgrade of Hub Group to Neutral and a lower price target could negatively impact the company's stock in the short term.
Analyst ratings can significantly influence investor sentiment and stock prices. JP Morgan's downgrade of Hub Group and the lowering of its price target could lead to a decrease in investor confidence, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100