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Fly News Breaks for December 28, 2017
HUBB
Dec 28, 2017 | 05:33 EDT
JPMorgan analyst C. Stephen Tusa raised his price target yesterday for Hubbell shares to $138 from $134 citing his new positive view on the company's acquisition of Aclara. The deal makes solid sense strategically, as it allows Hubbell to supplement its core power offerings with a more high value add solution set, Tusa told investors in a research note. The analyst keeps a Neutral rating on the shares, however, citing persistent softness in the key lighting market.
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