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Hubbell change in trustee could increase chance of 'event,' says Wells Fargo

Wells Fargo believes that this morning's news of the appointment of an external trustee to oversee the Hubbell family trusts could increase the chances for an ''event,'' such as the collapse of the company's A and B shares. The firm keeps an Outperform rating on the B shares, which are up about 2.7% in afternoon trading.