Oppenheimer initiated coverage of Forgent Power Solutions (FPS) with an Outperform rating and $42 price target The firm views Forgent as “an agile, differentiated competitor well positioned to benefit from megatrends,” says the analyst, who cites demand for customized electrical distribution equipment in the data center, grid, and other energy-intensive end-markets. The firm sees FPS generating leading organic growth and top-tier margins within its HVAC, Power and Industrial Efficiency coverage by calendar 2027, the analyst added.
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