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Benzinga
Benzinga
Business
Akanksha Bakshi

Benchmark Bullish On Hub Group, Sees 30% Upside

HUBG Nasdaq
  • Benchmark analyst Christopher Kuhn initiated coverage of Hub Group Inc (NASDAQ:HUBG) with a Buy rating and a price target of $90, implying an upside of 31%.
  • According to the analyst, intermodal volume growth will turn positive in 2022.
  • Kuhn anticipates growth to continue in 2022, but he sees margins normalizing in 2023 as pricing eases.
  • Price Action: HUBG shares are trading lower by 1.78% at $68.61 on the last check Friday.
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