TD Cowen starts Hubbell with Outperform on growth trajectory

TD Cowen analyst Nick Amicucci initiated coverage of Hubbell with an Outperform rating and $338 price target. The analyst is constructive on Hubbell’s growth trajectory and its role within the electrification theme. The company has established an enhanced long-term profitability profile and positioning its fiscal 2024 guidance is a key catalyst for the shares, the analyst tells investors in a research note.