Hubbell

Oppenheimer is out with its report today on Hubbell (NYSE: HUBB), raising its PT from $79 to $83. In a note to clients, Oppenheimer writes, "We are maintaining our '11E EPS of $4.20 and '12E EPS of $4.90, with increasing comfort on our '11E. We are raising our PT to $83 from $79, based on 17x our...

According to Wells Fargo's morning packet, demand for electrical and industrial products improved vs. August, seemingly led by short cycle/MRO demand. Construction demand, however, remains mixed, although most of this month's weakness was centered geographically in the west. “We maintain our...