Exel Transportation Services

J.P. Morgan has raised its price target from $40 to $46 and maintains its Overweight rating on Hub Group Inc. (NASDAQ: HUBG) based upon the recent acquisition of Exel Transportation Services (ETS, renamed as Mode Transportation). Says J.P. Morgan of the acquisition, “[it] is likely to provide room...

Citi, citing the acquisition of privately held filtration business, Norit, has upgraded its rating on Pentair, Inc. (NYSE: PNR) from Hold to Buy and has increased the price target from $39 to $45. According to Citi, “the Norit deal marks a decisive and frankly unexpectedly bold move. Investors...