TD Cowen Downgrades Hub Group to Hold, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Seidl has downgraded Hub Group (NASDAQ:HUBG) from Buy to Hold and lowered the price target from $50 to $43.
July 18, 2024 | 10:31 am
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TD Cowen analyst Jason Seidl downgraded Hub Group from Buy to Hold and reduced the price target from $50 to $43. This downgrade may indicate a less optimistic outlook for the company's short-term performance.
The downgrade from Buy to Hold and the reduction in the price target suggest that the analyst sees less potential for upside in Hub Group's stock. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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