Wells Fargo analyst Joe O'Dea maintains $Hubbell (HUBB.US)$ with a hold rating, and adjusts the target price from $445 to $455.
According to TipRanks data, the analyst has a success rate of 59.8% and a total average return of 8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hubbell (HUBB.US)$'s main analysts recently are as follows:
Hubbell's consistent execution on margins is noteworthy, and the concerns regarding potential margin reductions persist to appear unwarranted, as observed by the analyst.
The company's third-quarter organic performance was viewed favorably against a backdrop that has been unforgiving toward revenue shortfalls. This perspective is rooted in the company's advantageous thematic positioning, with expected growth acceleration as challenges in telecom and inventory reduction subside. It was noted that projections for the company's adjusted earnings per share in the coming years have been revised upwards.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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