Raymond James reiterates Hub Group stock rating on accounting update
Raymond James has reiterated an Outperform rating and $48.00 price target for Hub Group (NASDAQ:HUBG), viewing the company's recent financial restatement as a temporary accounting issue rather than a fundamental problem. The firm believes the stock is undervalued, and despite the increased opacity from delayed filings, operational updates suggest early-cycle traction. However, investors will likely await clean financial reports before fully committing to the recovery.