Stifel raises Hub Group to 'hold' on improved risk-reward profile
BUZZ-Stifel raises Hub Group to 'hold' on improved risk-reward profile ** Brokerage Stifel raises logistics provider Hub Group's HUBG.N rating to "hold" from "sell"
** HUBG up 2.1% at $30.2 premarket
** Brokerage says stock's recent share-price decline has improved its risk-reward profile by reducing downside risk with recovery potential
** Points to an improving freight industry backdrop, and says a stronger-than-normal fourth quarter and a broader freight-cycle recovery could help the company resolve its reporting issues and return to normal operations
** Four of 11 brokerages rate the stock "buy" or higher and seven "hold"; median PT is $39 - data compiled by LSEG
** As of last close, stock down 30.6% YTD
(Reporting by Anand Gopal in Bengaluru)
Recent news on Hub
See all newsBrief: Hub Group Announces Changes To Board Of Directors
Stifel raises Hub Group to 'hold' on improved risk-reward profile
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