Hub Group: Morgan Stanley maintains a 'Equal-Weight' Rating, The Target Price is $46

Morgan Stanley maintains 'Equal-Weight' rating on Hub Group(HUBG).

The target price is $46, compare with $44 previously.

[Recent Rating]

Date	Agency	Change	Rating	Rating （previously）	Target Price	Target Price（previously）
2025-12-08	Morgan Stanley	Maintains	Equal-Weight	Equal-Weight	$46	$44
2025-12-05	Wells Fargo	Initiates Coverage On	Overweight	--	$47	$--

[Recent Earning Results] Hub Group posted the Q3 of its 2025 financial results on 11/5/2025, reporting total revenue of USD 2755.36 million in the first three quarters, down 7.32% from USD 2972.88 million year over year, reporting net income of USD 81.15 million in the first three quarters, up 1.86% from USD 79.67 million year over year.

[Company Profile] Hub Group, Inc. is a Delaware corporation that was incorporated on March 8, 1995. The company is one of North America's leading asset-light freight transportation management companies. The company offers comprehensive intermodal, truck brokerage and logistics services. Since the company's founding in 1971, the company has grown to become the largest intermodal marketing company in the United States and one of the largest truck brokers. Through the company's network, the company has the ability to arrange for the movement of freight in and out of every major city in the United States, Canada and Mexico. The company utilizes an asset-light strategy in order to minimize its investment in equipment and facilities and reduce its capital requirements. The company arranges freight movement for its customers through transportation carriers and equipment providers. Hub operates through a network of operating centers throughout the United States, Canada and Mexico. Each operating center is strategically located in a market with a significant concentration of shipping customers and one or more railheads. Hub services a large and diversified customer base in a broad range of industries, including consumer products, retail and durable goods.