Hubbell price target raised to $362 from $347 at TD Cowen

TD Cowen analyst Nick Amicucci raised the firm’s price target on Hubbell to $362 from $347 and keeps an Outperform rating on the shares. The firm said they are relatively cautious into Hubbell’s 4Q23 print, solely due to the implications of its FY24 outlook, rather than any operational hiccups or end-market commentary.