Hub Hroup shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 revenue guidance below estimates. Also, Susquehanna maintained a Neutral rating on the stock and lowered its price target from $45 to $44.
Portfolio Pulse from Benzinga Newsdesk
Hub Group shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 revenue guidance below estimates. Susquehanna maintained a Neutral rating on the stock and lowered its price target from $45 to $44.
August 02, 2024 | 4:48 pm
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NEGATIVE IMPACT
Hub Group shares are trading lower due to worse-than-expected Q2 financial results and lower FY24 revenue guidance. Susquehanna maintained a Neutral rating and lowered its price target from $45 to $44.
The company's worse-than-expected Q2 financial results and lower FY24 revenue guidance are likely to negatively impact investor sentiment. Additionally, Susquehanna's decision to maintain a Neutral rating while lowering the price target further adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100