Barclays Maintains Equal-Weight on Hubbell, Lowers Price Target to $384
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Equal-Weight rating on Hubbell (NYSE:HUBB) and lowers the price target from $400 to $384.

May 02, 2024 | 5:48 pm
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Barclays maintains an Equal-Weight rating on Hubbell and lowers the price target from $400 to $384.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Hubbell's stock price. The maintenance of an Equal-Weight rating indicates that the analyst sees the stock as fairly valued at its current price, but the lowered target suggests a reassessment of the stock's future growth or performance expectations.
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IMPORTANCE 75
RELEVANCE 100