KeyBanc Starts Hubbell Inc (HUB-B) at Buy; Favorable Upside with Possible M&A Kicker
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Price: $100.40 -0.71%
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade HUB-B Now!
KeyBanc initiates coverage on Hubbell Inc (NYSE: HUB-B) with a Buy. PT $90.00.
KeyBanc analyst said, "The Company, in our opinion, has: 1) favorable end market exposure; 2) a top tier management team; and 3) upside from M&A. We acknowledge that other investors have come to a similar conclusion (shares have recently outperformed peers), but believe that there is still 2x more upside potential vs. downside risk to shares over the next 12 months. While we historically like to see 3x the upside potential for BUY-rated stocks, we are making an exception given the uncertain macro environment and our confidence that Hubbell will outperform the majority of its peers over the next 12 months."
For an analyst ratings summary and ratings history on Hubbell Inc click here. For more ratings news on Hubbell Inc click here.
Shares of Hubbell Inc closed at $74.70 yesterday, with a 52 week range of $46.81-$81.62.
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KeyBanc analyst said, "The Company, in our opinion, has: 1) favorable end market exposure; 2) a top tier management team; and 3) upside from M&A. We acknowledge that other investors have come to a similar conclusion (shares have recently outperformed peers), but believe that there is still 2x more upside potential vs. downside risk to shares over the next 12 months. While we historically like to see 3x the upside potential for BUY-rated stocks, we are making an exception given the uncertain macro environment and our confidence that Hubbell will outperform the majority of its peers over the next 12 months."
For an analyst ratings summary and ratings history on Hubbell Inc click here. For more ratings news on Hubbell Inc click here.
Shares of Hubbell Inc closed at $74.70 yesterday, with a 52 week range of $46.81-$81.62.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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