EarningsThe stock has been downgraded to Hold due to limited upside potential after gaining 24% since the upgrade, as it closes in on the price target.
Financial PerformanceUncertainty in utility end customer destocking contributes to slightly below consensus adjusted EPS forecasts, limiting the stock's upside potential.
Market CompetitionExpectations for companies like GEV, VRT, and ETN to grow earnings faster than HUBB justify a more premium valuation for them over HUBB.