JPMorgan analyst Stephen Tusa initiated coverage of Forgent Power Solutions (FPS) with an Overweight rating and $40 price target The firm sees the company’s growth and margin expansion potential as attractive versus its peers. Forgent shares outperform on the back of end market strength that supports continued positive earnings momentum, the analyst tells investors in a research note.
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Read More on FPS:
- Forgent Power Solutions initiated with an Equal Weight at Morgan Stanley
- Forgent Power Solutions initiated with a Buy at Jefferies
- Forgent Power Solutions initiated with an Overweight at KeyBanc
- Forgent Power Solutions initiated with an Overweight at Barclays
- Forgent Power Solutions initiated with a Buy at Goldman Sachs