Deutsche Bank Initiates Coverage On Hubbell with Hold Rating, Announces Price Target of $427
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Nicole Deblase initiates coverage on Hubbell (NYSE:HUBB) with a Hold rating and a price target of $427.

March 11, 2024 | 8:48 am
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Deutsche Bank initiated coverage on Hubbell with a Hold rating and a price target of $427.
The initiation of coverage by a major bank like Deutsche Bank generally brings additional attention to a stock. However, the 'Hold' rating suggests a neutral outlook, indicating that the analyst believes the stock might not significantly outperform or underperform the broader market in the near term. The price target of $427 provides a reference point for investors but does not imply a strong bullish or bearish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100