Hubbell upgraded to Peer Perform from Underperform at Wolfe Research
The Fly

Hubbell upgraded to Peer Perform from Underperform at Wolfe Research

Wolfe Research analyst Nigel Coe upgraded Hubbell to Peer Perform from Underperform and removed the firm’s prior $344 price target. Following recent underperformance, Hubbell’s relative valuation “now looks more attractive,” says the analsyt, who sees upside risk to 2023 and 2024 estimates. The firm estimates a year-end 2024 fair value range for shares at $201-$416, the analyst noted.

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