HUBG - Hub Group's Acquisition Of Forward Air Final Mile Can Be Accretive By 20 Cents In FY24 Earnings: Analyst | Benzinga
Benchmark analyst Christopher Kuhn reiterated the Buy rating on Hub Group, Inc. (NASDAQ: HUBG), raising the price target to $98 from $85.
HUBG recently announced the acquisition of Forward Air Final Mile (FAFM) from Forward Air Corporation (NASDAQ: FWRD).
According to the analyst, this fits within HUBG’s strategy of increasing the mix of non-asset businesses, boosting the cadence of acquisitions, and integrating them at a quicker pace than over the last few years.
At the same time, it helps Forward Air’s goal of streamlining its portfolio ...