Susquehanna Maintains Neutral Rating for Hub Group: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Susquehanna has maintained a Neutral rating on Hub Group (NASDAQ:HUBG) but lowered its price target from $97.00 to $49.00. Hub Group's shares are currently trading at $45.16, down 0.92% over the last 24 hours. The new price target suggests an 8.5% potential upside. Hub Group is a major provider of rail intermodal service and is known for making tuck-in acquisitions to expand its services.
January 30, 2024 | 5:00 pm
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Susquehanna maintains a Neutral rating on Hub Group with a reduced price target of $49, indicating a potential 8.5% increase from the current price of $45.16.
The reduction in price target by Susquehanna reflects a revised valuation of Hub Group's stock, which could influence investor sentiment and potentially lead to a short-term increase in the stock price if investors align with the analyst's expectations. The Neutral rating suggests that Susquehanna does not see significant downside or upside in the near term, but the new price target is above the current trading price, indicating a potential for growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100