Wells Fargo initiates Hubbell stock coverage at Equal Weight on growth
Investing.com India
Wells Fargo has initiated coverage on Hubbell Incorporated (NYSE:HUBB) with an Equal Weight rating and a $531.00 price target, citing the company's strong utility end-market exposure and execution, particularly in grid infrastructure growth. While Hubbell shows solid revenue growth and a strong dividend track record, Wells Fargo expressed caution regarding sub-sector growth, margin expansion, and balance sheet optionality, projecting 8% organic growth for Hubbell in 2027, slightly above consensu
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