{
  "id": 16890073,
  "title": "Wells Fargo cuts Hubbell stock price target on margin pressures",
  "url": "https://urgent.news/2026/10/28/wells-fargo-cuts-hubbell-stock-price-target-on-margin-pressures",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T11:20:51.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/wells-fargo-cuts-hubbell-stock-price-target-on-margin-pressures-93CH-4978596"
  },
  "original_language": "en",
  "account": "Wells Fargo has trimmed its price target for Hubbell stock to $525 from $531, while preserving an Equal Weight rating, according to a report on Investing.com. The electrical equipment manufacturer currently trades at $434, with a P/E ratio of 25.6, indicating it may be overvalued compared to its Fair Value. Hubbell's third-quarter results were mixed, with growth in its HES segment driven by data center markets, but weakness in its HUS segment. The company has maintained profitability with a 24% return on equity and 10.6% revenue growth over the past year. However, the fourth quarter was guided below Street expectations due to weak meter revenues and cost pressures. Wells Fargo's 2027 and 2028 profit estimates were only slightly revised downward. Utility and electrical markets, particularly data centers, remain strong, with capacity additions and backlog growth providing visibility for accelerating growth next year. The firm anticipates approximately 9% organic growth, with formal guidance ranging from 5% to 8%, above the company's long-term 4% to 6% projection. Price, cost, and tariff pressures are expected to dampen margins and keep increments at 25%. Despite these challenges, Hubbell has raised its dividend for 19 consecutive years. Hubbell's third-quarter 2026 financial results surpassed expectations, with adjusted earnings of $5.91 per share, up from the estimated $5.76 per share. Revenue also rose to $1.87 billion, slightly above the forecast of $1.85 billion, marking a 25% year-over-year increase. Following these results, Hubbell raised its full-year outlook. Nonetheless, the stock saw a decline, suggesting caution among investors regarding the company's margin outlook and growth pace.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}