Credit Suisse Calls Low-Voltage Peers 'Unlikely' Targets Following ABB/T&B Deal (CBE) (HUB)

Stocks in the electrical component sector are on the move Monday following news of a $3.9 billion deal between ABB and Thomas & Betts (NYSE: TNB). Shares of T&B are currently up nearly 23 percent.

Credit Suisse's Julian Mitchell issued a note this morning suggesting peers in the low-voltage group are "unlikely M&A targets" following the ABB/T&B deal. The analyst specifically mentions Cooper Industries (NYSE: CBE), Hubbell (NYSE: HUB.B), Littlefuse (Nasdaq: LFUS) and Acuity Brands (NYSE: AYI).

On the other side of the spectrum, Mitchell is expecting increased M&A interest on Dover (NYSE: DOV) and/or SPX (NYSE: SPW).

The analyst believes GE (NYSE: GE) and Danaher (NYSE: DHR) could soon resume a more active M&A strategy.

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