Wells Fargo Initiates Coverage of Hubbell at Equal-Weight
Fintel reports that on September 25, 2026, Wells Fargo initiated coverage of Hubbell (NYSE:HUBB) (XTRA:HUEC) with a Equal-Weight recommendation.
This initiation follows a prior action on May 1, 2026, when Wells Fargo maintained an Overweight rating on the stock. Additionally, on September 2, 2026, Morgan Stanley maintained an Equal-Weight rating for Hubbell. Hubbell Incorporated, based in the United States, operates as a global player primarily in the electrical and electronic products industry. Established in 1888, the company has carved a niche in engineering comprehensive solutions in utility, industrial, residential, and commercial sectors.
The stock closed at $465.88 on September 24, 2026, and at $466.61 on September 25, 2026. One-week and one-month price changes were +4.41% from a baseline close of $446.92 on September 18, 2026, and +0.52% from a baseline close of $464.19 on August 25, 2026, respectively.
In its latest earnings report on July 28, 2026, Hubbell reported an actual EPS of 5.52, compared to the estimate of 5.4857 (EPS surprise +0.63%). The company reported actual revenue of $1,711,800,000.00, compared to the estimated revenue of $1,686,429,240.00.
As of September 15, 2026, the consensus target mean for Hubbell was $577.97, and the median target was $586.50, representing an implied change of +23.87%. This was a revision of +0.16% from the prior consensus target mean of $577.05 recorded on August 28, 2026.
As of the recommendation period starting September 1, 2026, there were 5 strong buy, 8 buy, 8 hold, 0 sell, and 0 strong sell recommendations, totaling 21 recommendations (61.9% positive, 38.1% hold, 0.0% negative). In the prior period starting August 1, 2026, there were 4 strong buy, 8 buy, 8 hold, 0 sell, and 0 strong sell recommendations, totaling 20 recommendations (60.0% positive, 40.0% hold, 0.0% negative).
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 25, 2026 | Wells Fargo | Equal-Weight | initiated coverage | |
| September 2, 2026 | Morgan Stanley | Equal-Weight | Equal-Weight | maintained |
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This story originally appeared on Fintel.