Wells Fargo has decided to maintain its Overweight rating of Hub Group (NASDAQ:HUBG) and raise its price target from $80.00 to $95.00.
Shares of Hub Group are trading up 5.83% over the last 24 hours, at $70.48 per share.
A move to $95.00 would account for a 34.79% increase from the current share price.
About Hub Group
Hub Group ranks among the largest asset-light providers of rail intermodal service. Following the August 2018 divestiture of logistics provider Mode, which was run separately, its core operating units are intermodal, which uses the Class I rail carriers for the underlying line-haul movement of containers (60% of sales); highway brokerage (12%); Unyson Logistics, which provides outsourced transportation management services (20%); and Hub Dedicated (8%), an asset-based full-truckload carrier.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
