Hubbell price target raised to $500 from $490 at Wells Fargo

Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Hubbell (HUBB) to $500 from $490 and keeps an Overweight rating on the shares. While Q3 growth was shy of the firm’s estimate, Wells still sees the quarter as thesis-supportive on the appeal of growth acceleration with Grid Infra organic +1% year-over-year in Q1, +7% in Q2, +9% in Q3 and +13% in Q4.