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Fly News Breaks for January 18, 2018
HUBB
Jan 18, 2018 | 05:42 EDT
JPMorgan analyst C. Stephen Tusa upgraded Hubbell to Overweight and raised his price target for the shares to $155 from $138. The analyst believes the "significant cash accretion" expected from the Aclara deal is not being reflected in the shares, creating an attractive risk/reward profile. He also sees a "reasonable path" to almost $10 in free cash flow by 2020.
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