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UPDATE: Morgan Stanley Reiterates On Hubbell On Shift Towards Independent Trustee

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In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on Hubbell (NYSE: HUB.B), and raised the price target from $122.00 to $135.00.

In the report, Morgan Stanley noted, “The shift towards an independent trustee for the Hubbell and Roche trusts (~36% voting rights) could signal a subtle yet important tilt in the Board of Directors' thinking between short term and long term value creation. We raise our PT to $135 as we raise the probability of our bull case outcome.”

Hubbell closed on Monday at $122.42.

Latest Ratings for HUB.B

DateFirmActionFromTo
Jun 2012KeyBancInitiates Coverage OnBuy

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Posted-In: Morgan Stanley Nigel CoeAnalyst Color Price Target Analyst Ratings

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