(Updates with stock movement and rating downgrades in the headline and first two paragraphs.)
Hub Group (HUBG) shares fell 18% in Friday trading after Stifel Nicolaus downgraded the stock to sell from buy and reduced its price target to $27 from $52.
Baird downgraded the stock to neutral from outperform and lowered the price target to $29 from $47.
The company on Thursday reported preliminary 2025 operating revenue of $3.7 billion, down from $3.9 billion a year earlier and in line with the guidance range.
The company expects 2026 revenue of $3.65 billion to $3.95 billion.
Analysts polled by FactSet expect $3.78 billion.
Hub Group delayed its earnings release and plans to restate financial results for the first three quarters of 2025 due to an error that understated its purchased transportation costs and accounts payable.
Price: 42.29, Change: -9.04, Percent Change: -17.61
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