TD Cowen initiated coverage of Forgent Power Solutions (FPS) with a Buy rating and $45 price target The firm sees potential revenue upside for the company due to accelerating data center equipment demand and Forgent’s available production capacity. As utilization ramps, the compnay has a “clear pathway” to margin expansion, the analyst tells investors in a research note.
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Read More on FPS:
- Forgent Power Solutions initiated with an Outperform at Wolfe Research
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- Forgent Power Solutions initiated with an Equal Weight at Morgan Stanley
- Forgent Power Solutions initiated with a Buy at Jefferies
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