Piper Jaffray Reiterates Overweight on Hub Group (HUBG)

Piper Jaffray is out with its report today on Hub Group HUBG, reiterating Overweight. In a note to clients, Piper Jaffray writes, "We have greater conviction that HUBG's previously announced acquisition of Exel Transportation Services is likely far more accretive than management's conservative guidance and current upwardly revised Consensus EPS expectations. We reiterate our Overweight rating and $46 price target." Shares of HUBG closed Wednesday at $38.36.