- Benchmark analyst Christopher Kuhn reiterated a Buy rating on Hub Group Inc (NASDAQ:HUBG) with a price target of $110.
- The analyst expects the company’s intermodal price/load to be pressured this year, negatively impacting margins.
- The analyst lowered the 1Q EPS estimate to $1.85 from $1.97, given caution around demand trends.
- FY23 EPS is reduced to $7.42 from $7.71, which is now down 30% compared to 2022. FY24 estimate is reduced to $7.65 from $8.03.
- However, new rail relationships, cost levers, strong balance sheet and FCF should provide less earnings volatility over the long term.
- Price Action: HUBG shares are trading higher by 0.72% at $81.17 on the last check Friday.
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Baird Maintains Neutral on Fleetcor Technologies, Lowers Price Target to $220
Baird analyst David Koning maintains Fleetcor Technologies (NYSE:FLT) with a Neutral and lowers the price target from $250 to $220.
