Hubbell upgraded to Overweight from Equal Weight at Wells Fargo

Wells Fargo analyst Joseph O’Dea upgraded Hubbell (HUBB) to Overweight from Equal Weight with a price target of $490, up from $445. The firm sees the company’s organic growth at 10% over the next four quarters, following negative 3% growth in the the past four quarters. This should drive Hubbell’s relative valuation higher, the analyst tells investors in a research note. Wells expects positive revisions to consensus estimates.