Morgan Stanley Maintains Equal-Weight Rating for Hub Group: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Hub Group HUBG and lower its price target from $95.00 to $93.00.

Shares of Hub Group are trading down 2.79% over the last 24 hours, at $80.26 per share.

A move to $93.00 would account for a 15.87% increase from the current share price.

About Hub Group

Hub Group ranks among the largest providers of rail intermodal service. Roughly 60% of revenue comes from Hub's intermodal and transportation solutions division. ITS includes its flagship intermodal operations, which use the Class I rail carriers for the underlying line-haul movement of containers, as well as its dedicated truckload unit. Asset light truckload and LTL brokerage makes up around 20%. The remaining 20% reflects Hub's logistics division, which provides outsourced transportation management, warehousing and fulfillment, and final mile delivery. Hub is somewhat acquisitive in that it often makes tuck-in acquisitions which expand its brokerage, logistics, and dedicated truckload offerings.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.