- 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.
- Photo Via Company
Riot Announces May 2024 Production And Operations Updates, Produced 215 Bitcoin
Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for May 2024. Bitcoin
