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Fly News Breaks for January 12, 2018
HUBB
Jan 12, 2018 | 05:38 EDT
Oppenheimer analyst Christopher Glynn upgraded Hubbell to Outperform with a $160 price target. The analyst highlights the recent uptick in operating performance at the company's Electrical segment as well as an improving macro backdrop. Further, he believes Hubbell has "solid tax reform exposure" and that the Aclara acquisition should reasonably add $50M to free cash flow in 2019.
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