KeyBanc initiated coverage of Forgent Power Solutions (FPS) with an Overweight rating and $41 price target The firm views Forgent as a “highly compelling” growth story, driven by the company’s “pure-play focus” on electrical distribution products. The company has high exposure to “uniquely robust” data center and utility demand trends, the analyst tells investors in a research note.
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Read More on FPS:
- Forgent Power Solutions initiated with an Overweight at Barclays
- Forgent Power Solutions initiated with a Buy at Goldman Sachs
- FPS: Preferred Marginal Supplier in Critical Power Infrastructure With Industry‑Leading Growth Potential
- Two new option listings and one option delisting on February 10th
- Forgent Power Solutions Completes IPO and NYSE Listing