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Hubbell B (HUBB) Receives a Buy from Wells Fargo

Tipranks - Tipranks - Mon Jun 8, 7:56PM CDT

Wells Fargo analyst Joe O’Dea maintained a Buy rating on Hubbell B on June 5 and set a price target of $560.00. The company’s shares closed last Friday at $476.82.

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According to TipRanks, O’Dea is a 5-star analyst with an average return of 10.4% and a 58.78% success rate. O’Dea covers the Industrials sector, focusing on stocks such as 3M, Dover, and Parker Hannifin.

Currently, the analyst consensus on Hubbell B is a Moderate Buy with an average price target of $561.00.

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Based on Hubbell B’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.52 billion and a net profit of $181.8 million. In comparison, last year the company earned a revenue of $1.37 billion and had a net profit of $169.7 million

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