BofA analyst Andrew Obin initiated coverage of Forgent Power Solutions (FPS) with a Buy rating and $48 price target Forgent has a 2% share in the U.S. electrical distribution equipment market today, notes the analyst, who forecasts revenue to grow at a 46% compound annual growth rate over FY25-FY30 given the firm’s belief that Forgent’s end market revenue mix is aligned to key multi-year secular drivers.
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